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DeepNewz, mobile.
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A Federal Reserve report reveals that small businesses in the US faced financial challenges in 2023, with issues such as higher interest rates, costs, and wages. Despite this, small businesses are optimistic about future revenue and hiring. The report also highlights that small businesses are struggling to access credit due to elevated debt burdens and high borrowing rates.
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Small business owners in the U.S. are struggling to get financing from traditional lenders as the impact of higher rates and bank failures of a year ago linger, holding back business growth for some. https://t.co/nGaw6rzOn0
⚠️ US SMALL BUSINESSES STRUGGLE FOR CREDIT, ONE YEAR AFTER REGIONAL TURMOIL Full Story → https://t.co/4tiCe9SkhZ Small business owners in the U.S. are struggling to get financing from traditional lenders as the impact of higher rates and bank failures of a year ago linger,… https://t.co/aAFWYxReJW