The traditional avenues of lending are narrowing, signaling tougher times ahead for smaller businesses seeking access to credit. As detailed Monday (July 31) in the Federal Reserve’s Senior Loan Officer Opinion survey, which is issued quarterly, banks are tightening their underwriting standards. Drill down a...
November 06, 2023
Lending standards have tightened and demand has weakened in the third quarter of 2023, according to the Federal Reserve’s October Senior Loan Officer Opinion Survey (SLOOS) on Bank Lending Practices, released Monday (Nov. 6). The survey showed that lending standards have tightened across various loan categories, including loans to businesses and households. This tightening is […]
