American Banker, March 8, 2023, Small Businesses Return To Traditional Credit Sources — With A New Twist
About 40% of small businesses applied for loans, lines of credit or cash advances last year, up from 25% in 2021, according to a survey by the 12 regional Federal Reserve banks. At the same time, only 34% of the firms reported relying on pandemic-related funding programs, down from 77% the previous year.
