JANUARY 1990
Companies, by size, that have been turned down for credit:
$5 million to $20 million 17%
$1 million to $4.9 million 16.4
Most frequent reasons:
Insufficient earnings
$5 million to $20 million 34.4%
$1 million to $4.9 million 58.6
Banks didn't understand business
$5 million to $20 million 28.1%
$1 million to $4.9 million 10.3
New business/no track record
$5 million to $20 million 6.3%
$1 million to $4.9 million 13.8
Source: American Banker Small Business Survey, 1989.