i had a 1 15,000 $15,000 microl. enough for michael to open hammer and nails. michael now he had a no unique d winning business plan. but we n he asked for a loan from his bark, thbank the answer was no. seven out of ten applications to bank are denied. >> making small loan involves a huge at of cost. and the banks are not set up to minimize the costs in a way to make it feasible. >> michael elliott found a financialal friend at vbdc microfinancing loans of $50,000 or less. >> they close the gap between opportunity and talent. where we believe facility len tn universal. microlending has been associated with the developing world. anthey have spread to 73 countrs cloudincloud ed i includeinclud. lastielast year they form a para partnership to open up in it lamp. los angeles. so far they have loaned more than $400,000 to 63 entrepreneurs. overall small business plays a tremendous rom role with job creation as well as holding onto the entrepreneurial spirit and that gives light to the american dream. >> i'm driving down melrose avenue and one of those businesses is