Page 2 - Ray Keating News Today

Approval rates of small business loan requests at big banks have fallen for nine consecutive months.

When Nat West, owner of cider-making company Reverend Nat’s Hard Cider, decided to supplement his wholesale business by opening a taproom in a bustling neighborhood in Portland, Oregon, he thought getting financing would be a breeze.  After all, he was only seeking $50,000...

Borrowing for small businesses was already constrained due to rising interest rates. Following the recent collapse of Silicon Valley Bank and Signature Bank, some lenders – particularly the small and midsize banks that serve small businesses -- may be forced to tighten credit further

"Lenders ... seem to be clutching the purse strings tightly at this point."

NEW YORK — When Nat West, owner of cider-making company Reverend Nat’s Hard Cider, decided to supplement his wholesale business by opening a taproom in a bu

When Nat West, owner of cider-making company Reverend Nats Hard Cider, decided to supplement his wholesale business by opening a taproom in a bustling neighborhood in Portland, Ore., he thought getting financing would be a breeze.

Small businesses are seeing the already-tough process of getting business loans get even tougher.

NEW YORK (AP) — When Nat West, owner of cider-making company Reverend Nat’s Hard Cider, decided to supplement his wholesale business by opening a taproom in a bustling neighborhood in Portland, Oregon, he thought getting financing would be a breeze. After all, he was only seeking $50,000, has been in business for 11 years, and […]

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Small businesses are seeing the already-tough process of getting business loans get even tougher because of a variety of factors.