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Still Cautious

February 8, 2014 Leave a comment Go to comments

Lenders have loosened up. It took a while, but the word is that lending to small businesses has eased.

Small businesses, however, aren’t borrowing. Why not? Because the Great Recession had a permanent impact on those who were in business through it. Like grandparents who went through the Depression, that experience never leaves you. Businesses were forced to run lean to survive and it worked. Really well.

Lending conditions will continue to ease and borrowing will increase over time, but don’t expect that underlying caution to go away.

todd@toddkmiec.com

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