Small US Businesses Struggle for Credit Amid SVB Collapse Fallout
US small businesses are facing the worst credit conditions in a decade, with a net 9% of firms reporting that loans are harder to get compared to three months earlier, according to a survey by the National Federation of Independent Business. The same share expects tougher credit conditions in the next three months, matching the highest level in a decade, following multiple bank failures that have led to a further tightening of credit conditions.