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The collapses of Silicon Valley and Signature banks and the bailout of First Republic have a ripple effect on small businesses’ access to credit. As Bloomberg reported, U.S. small businesses now face a tougher time accessing capital, which compounds already tight lending standards and rising interest rates.
Read about what this credit crunch portends for small businesses here.
By Rebecca Meiser
Contributor, Commerce + Communities Today and Small Business Center
ICSC champions small and emerging businesses in getting from business plan to brick-and-mortar.
Learn more