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Bank lending is declining to small businesses. But why is this decline happening? You would think as the overall economy recovers, lending to small businesses would, too. But, that’s simply not the case.
The infographic below explores why big banks aren’t lending to small businesses and what small businesses can do if they need funding.
Meredith Wood is the founding editor of the Fundera Ledger and a vice president at Fundera. She launched the Fundera Ledger in 2014 and has specialized in financial advice for small business owners for almost a decade. Meredith is frequently sought out for her expertise in small business lending. She is a monthly columnist for AllBusiness, and her advice has appeared in the SBA, SCORE, Yahoo, Amex OPEN Forum, Fox Business, American Banker, Small Business Trends, MyCorporation, Small Biz Daily, StartupNation, and more. Email: email@example.com