Act fast on that loan, a banker warned the couple planning to open a pickleball bar in Florida. In Maryland, a toy retailer is struggling with delays in renewing his credit line. An Indiana car-loan financier is nervously watching for any signs of trouble in repayments.
In the early fallout from banking sector turmoil, American small businesses are facing a tougher time accessing capital, compounding already-tight lending standards and soaring interest rates. That’s a bad omen for the US economy, and bankers are warning that things will only get worse.
