Rising interest rates, the collapses of Silicon Valley Bank and Signature Bank, and greater uncertainty about the economy have led to a tightening of credit for small businesses, which is impacting workers and innovation. Nat West, who owns a cider-making business, was rejected after three applications for a $50k loan despite generating more than $1m in annual revenue.source https://timesofindia.indiatimes.com/world/us/small-business-owners-feel-the-credit-crunch/articleshow/99409234.cms
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