Small businesses are important to propel economic growth. They account for more than 60% of new jobs. However, their ability to create new jobs depends heavily on their access to credit. For the past few years, the demand for small business loans has progressively decreased. In the wake of the recent recession, the volume of sales had become less and there was uncertainty in the economic growth. The recession had also affected the lending ability of many banks as they were focusing on correcting the existing problems. Though the future looked bleak in the last few years, the market has picked up and the demand for small business loans has shown an upward curve.