This is about Spain, but could really be about the US. Banks just aren't interested in making loans to small businesses. Local banks have been eaten by bigger banks, bankers with knowledge of the local area either aren't there anymore or have no authority to approve loans.
There's no reason to expect things to improve, as the people who run the world focus on the "financial crisis" instead of the real one. No jobs, money, Spain just threw another 20 billion euros into the gaping maws of the banksters.
