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25% of small business financing applications delayed by avoidable mistakes: Bluevine study

Source: ROI-NJ · Jul 30, 2026, 5:26 AM

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25% of small business financing applications delayed by avoidable mistakes: Bluevine study news image

A new national study by Jersey City-based Bluevine, a digital banking platform for small businesses, reveals that one-quarter of small business financing applications face delays due to preventable errors rather than lack of capital availability.

The survey of over 800 U.S. small business owners found that many financing challenges stem from gaps in preparation and financial literacy.

The findings suggest that better planning and understanding of financial requirements could help many small business owners access funding more efficiently and avoid costly application setbacks.

Key points

  • 25% of small business financing applications experience delays caused by avoidable mistakes
  • Financial literacy gaps and lack of preparation are major barriers to securing small business funding
  • Jersey City-based Bluevine conducted a national survey of more than 800 small business owners
  • The study indicates capital availability is less of an issue than proper application preparation

FAQ

What are the main reasons financing applications get delayed?
According to the Bluevine study, many delays result from gaps in preparation and financial literacy rather than insufficient capital availability. Small business owners often make avoidable mistakes in their applications that could be prevented with better planning and understanding of lender requirements.
Why did Bluevine conduct this research?
As a digital banking platform serving small businesses, Bluevine sought to understand the challenges entrepreneurs face when seeking financing. The study helps identify where business owners need better education and support to improve their success rates in securing funding.

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