It was never easy for smaller businesses to get loans when they needed them most and it has only gotten harder since the recession.
When we look back at small business lending in 2015, bigger has been better for entrepreneurs in search of capital. Along those lines, higher interest rates could ultimately be even better news for business borrowers.
Remember the days when you’d need funding to start or grow your business, and you’d get in your car and head down to the bank on the corner?
Lenders are tightening the credit spigots for businesses, raising concerns about an economy that’s already facing global headwinds and a rising risk of recession.
3 Easy Steps to Business Funding