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Small Business Center

The Impact of Aggressive Interest Rate Hikes on Small Business Loans

July 26, 2023

Small businesses in the U.S. are battling the highest loan costs in 16 years, amid aggressive interest rate hikes by the Federal Reserve. Despite predictions of a looming credit crunch, new data suggests that the anticipated tightening of credit for small enterprises has yet to materialize fully. As small business owners face mounting borrowing expenses, Yahoo Finance delves into the current credit landscape, exploring how borrowing costs have surged, loan approval rates have stabilized and banks’ cautious approach may shape credit availability in the future.

Click here to read the full story.

By Rebecca Meiser

Contributor, Commerce + Communities Today and Small Business Center

Small Business Center

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