Banks flip-flop on lending to small firms amid deepening economic downturn

Main street struggles: Are business loans getting harder to secure in 2025? – The Mail & Guardian

Local economies and the entire national economy rely heavily on small businesses as their fundamental driving force toward growth, innovation, and employment generation. Numerous Main Street companies will face a challenging environment in 2025 for obtaining necessary capital.  Old-fashioned business loans have become significantly tougher to obtain because entrepreneurs now need them for operations expansion, new equipment purchases, or daily e…

Banks flip-flop on lending to small firms amid deepening economic downturn

A growing number of commercial lenders are curbing loans to small- and medium-sized enterprises (SMEs). Critics say this marks a flip-flop on their earlier pledge to expand assistance to financially strained companies, market watchers said Thursday. They say the banks are quick to outline financial packages to the tune of trillions of won for the tariff-hit small manufacturers, prompted by calls from Financial Services Commission Chair Kim Byoun…