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Banks could begin canceling lines of business credit soon

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Small businesses could soon see lines of credit canceled from banks as the global banking crises, inflationary pressures and rising interest rates slow commercial lending.

Javier Palomarez, president and CEO of the United States Hispanic Business Council, discusses the Silicon Valley Bank collapse and its detrimental impact on small businesses’ access to capital."Unexpectedly canceling lines of credit in tech would be the equivalent of pulling the emergency brake on your car driving down the interstate," he said.

Employees work on the assembly line at the Dakkota Integrated Systems manufacturing facility in Detroit on May 5, 2022. Meanwhile, the latest ADP jobs data showed that jobs in financial activities , professional/business , information and manufacturing lost jobs in March.JPMorgan Chase CEO Jamie Dimon warned

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Does not bother me : this is what the majority of voters want

They already have started doing it in the oil and gas industry

There is no middle class in communist countries.

Goodbye Fox Business...

I'm supporting small businesses I already have 695 OnlyFans subscriptions I feel like the IMF sometimes...

How about consumer credit lines. Those balances are exploding. Something like 14 millions Americans are carrying cc balances of at least 10,000 dollars right now at an average rate of 21% plus.

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