Small businesses are core to America’s economic competitiveness. Not only do they employ half of the nation’s private sector workforce about 62 million people but since 1995 they have created approximately 60 percent of the net new jobs in our country. Small businesses were hit especially hard by the Great Recession, accounting for over 60 percent of the total jobs lost, in part because the crisis was centered on the banking sector. Credit oriented crises are known to have a disproportionate effect on credit dependent entities such as small businesses.