The search for working capital in the last decade has become a far more difficult task than ever before. As recently as 20 or 30 years ago not only entrepreneurs or private individual played a role, but also the experience, reputation, payment history, social environment, the actual idea plus many other factors. Decisions were often made by people from your own social environment. As it was for hundreds of years.
But today decisions are often made by software and computers. Internet banking and modern data communications often dominate and can prevent a positive credit decision on the funding request. The personal contact and knowledge of the personal situation which used to be for centuries the basis for the financing business equity has disappeared almost completely.