Silicon Valley Bank, which specialized in working with tech clients in the region, helped fuel the investing surge.
"There's absolutely a double standard," Cole added. "The ease with which these companies get credit is different than the lending standards applied to small businesses." The banking crisis that followed the collapse of Silicon Valley Bank strengthened the role played by large banks like JPMorgan Chase, heightening the significance of their lending decisions as the financial industry weighs its approach to tech, Robert Hockett, a professor at Cornell Law School who studies banking, told ABC News.
scam company
“Run-of-the-mill small businesses often face more difficulty financing their operations than tech startup
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: