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Small Business Center

U.S. Bank Turmoil May Affect Small Businesses and Rural Towns Disproportionately

April 21, 2023

Small businesses and rural towns rely heavily on small banks for borrowing, and a reduction in lending growth due to bank stress likely would hit them the hardest, according to a recent Goldman Sachs report. Many smaller towns and small businesses across the U.S. lack alternative options to smaller banks, making it harder for them to access credit. Read more Goldman Sachs insights and learn about the potential cascading effects of this credit crunch on smaller businesses and rural towns here.

By Rebecca Meiser

Contributor, Commerce + Communities Today and Small Business Center

Small Business Center

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