Cash flow issues continue to plague a significant number of small businesses in the U.S., with 43 percent of small business owners saying they needed funds at one point in the last four years and were unable to find any willing sources.

A new survey released Wednesday by the National Small Business Association revealed ongoing problems with accessing financing at small businesses.

Among the small business owners who reported some change to their credit, 60 percent said the reason given by the bank was an internal risk assessment. Many survey respondents expressed a relatively negative impression lending institutions, with 15 percent indicating they were given no explanation for changes to their credit.

“Not only have small business owners been unable to find new credit over the last four years, nearly a third had their existing credit slashed and one in ten had their loans called in early,” said NSBA president and CEO Todd McCracken in a statement. “What's worse, 19 percent of those whose loans were called in early were given less than 15 days to pay the full balance of their loans.”

Small businesses were asked to rate various lending institutions. Only small community banks and credit unions received an overall positive rating by a majority of the respondents. More than one quarter of small business respondents said they changed banking institutions in the last four years, with feelings of mistreatment cited as the most common cause.

Failure to secure financing has caused 32 percent to reduce their number of employees, 20 percent to reduce employee benefits and 17 percent were unable to meet existing demand.

In addition to traditional financing issues, respondents reported a notable increase in client payment times, and 55 percent of small subcontractors reported late payments from a prime contractor. On a positive note, 19 percent indicated they are more likely to seek investors as a result of the crowdfunding exception included in the recently passed JOBS Act.

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