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Jay Foreman, CEO of Basic Fun!, stands near the entrance to his toy company, Thursday, April 6, 2023, in Boca Raton, Fla. Foreman had to temporarily scuttle…
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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.
Small businesses are seeing the already-tough process of getting business loans get even tougher. They say they're getting rejected for loans or seeing more unfavorable terms, meaning some plans for expansion are being put on hold.
Approval rates of small business loan requests at big banks have fallen for nine consecutive months.