"There are 13 families depending on [the employment] we provide," Rick Snow, co-owner of indoor go-cart business Maine Indoor Karting, told USA Today. "That's significant."

Snow and his wife, another co-owner, have resorted to paying business expenses with their personal credit cards, following the recent $6,500 decrease of the line of credit on his business credit card, the newspaper reported.

Snow is not alone in his struggles with business financing, according to the National Small Business Administration, whose recent survey indicated that 38 percent of small business owners have had their credit lines cut.

In addition, 68 percent of small business owners reported worsened credit card terms, while 80 percent reported having trouble accessing capital in general.

The documented decline in small business loans reflects the recent credit crunch. According to the Coleman Report, the third quarter of the 2009 fiscal year saw a 38 percent decrease in SBA 7(a) loan volume and a 50 percent decrease in the number of loans, compared to the same quarter in the previous year, cited USA Today.