In today’s high-interest, post-pandemic economy, small business owners are being forced to reevaluate how they access the capital needed to grow or simply stay afloat.
Traditional Institutions are Tightening Standards
Traditional lending institutions—once the go-to for business financing—are tightening their standards. At the same time, inflation and rising interest rates are making the cost of borrowing more expensive than ever. For many small business owners, that means the usual six-figure loan isn’t just unrealistic—it’s unsustainable.
Small Business Owners and Borrowing Alternatives
This shift has triggered a noticeable trend: business owners are now seeking smaller loans and turning to alternative sources of funding like SBA microloans and online lenders. These options may offer faster approvals and fewer barriers, but they also come with trade-offs, including higher fees and shorter terms.
So what does this mean for your business? Whether you’re starting fresh or scaling up, understanding this shift in the lending landscape could be the key to making smarter, more strategic financial decisions.
👉 To dive deeper into this growing trend, check out this in-depth piece from Bankrate:
Small Business Owners Are Seeking Smaller Loans
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