An article in the Augusta Journal highlights the growth of small business lending in Georgia, which shows us a microcosm of the United States as a whole. Lending in that state is at an all time high and “the lending environment is much better than it was 10 years ago.” A major reason for this vast improvement is that companies have access to funding from sources other than traditional banks. This mirrors what we see across other states as well.
Another interesting point of the article is that it highlights many businesses still face a tough environment when applying for financing. In particular smaller firms still struggle with access to credit and “women still have more of a disadvantage when it comes to securing business loans”.
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