Among those who did not apply for loans, 39 percent felt they would not be approved because of a low credit score. Smaller companies, defined as having less than $1 million in revenues, face tougher challenges, according to the survey. Those companies are more likely to use personal funds in times of need, generally have lower credit scores and are likely to receive a smaller share of financing that sought when compared to larger firms.

http://www.readingeagle.com/money/article/fed-bank-report-shows-small-businesses-face-challenges