Small-business owners will have to navigate higher interest rates and a potential recession to secure financing in 2023 — and that means fewer financing options and higher costs.
“As the economy slows, we expect banks to further reduce their exposure to small-business credit, expanding an already sizable void in critical financing for growing small businesses,” said, chief operating officer at small-business financing firm Kapitus. “As banks scale back their lending to small businesses, and less-mature alternative lenders struggle to meet demand, small-business owners will have fewer options for financing.
New lines of credit have also seen significant rate increases while existing lines of credit have seen increased usage, according to the analysis. “Given the rising rate environment, small-business owners can expect to pay more for capital and as a result, should be judicious with their cash flow and conservative with plans for expansion,” he said.“To be best prepared, small-business owners should be considering their funding options today and developing relationships with both banks and alternative lenders in order to understand what capital they qualify for and at what price.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Jacksonville Zoo plans for massive projects in 2023 - Jacksonville Business JournalSee what changes will be coming to the Jacksonville Zoo and Gardens.
Herkunft: JaxBizJournal - 🏆 599. / 51 Weiterlesen »
2023 CMC Crypto Playbook: NFT Market — 2022 Recap and Outlook for 2023 by Sfermion | CoinMarketCap[CMC Playbook] 🔎 This past year was a roller coaster ride for NFTs. Sfermion_ helps look at the NFT market’s performance & growth during a challenging 2022 and consider the market's prospects for 2023. Sfermion_ $shi don’t sleep what you waiting on.. fomo will hurt ShinaToken Sfermion_ This is exactly why I only trust ChiefraFba for signals and analysis Sfermion_ Guys OxideDAO $oxide is doing 200k volume daily you should list them it’s a very good upcoming project get it
Herkunft: CoinMarketCap - 🏆 290. / 63 Weiterlesen »
Black and women small business owners report increase sales, positive outlook for 2023'In fact 63% of our women business owners are telling us that they expect revenues to increase over the course of the next 12 months. And that includes our minority business owners,' said Carol Lee Mitchell, senior vice president of Bank of America. I will not patronize any business that advertises the race of the owners. Who’s with me Remember that Popcorn Place that was selling Walmart cakes for $65 and carrying on like an animal?
Herkunft: 6abc - 🏆 250. / 63 Weiterlesen »
Report: Jacksonville apartment competition high in 2022 - Jacksonville Business JournalThe report said Jacksonville is the country's ninth most in-demand apartment market in 2022, with 64.6% of Jacksonville apartment renters renewing their leases.
Herkunft: JaxBizJournal - 🏆 599. / 51 Weiterlesen »