Need a Loan or Credit? It May Get Harder for Businesses and Individuals: Kiplinger Economic Forecasts

Banks are tightening criteria amid a reduced risk appetite.

photo of computer keyboard with "loan" key
(Image credit: Getty Images)

Our highly experienced Kiplinger Letter team produces regular forecasts on the banking and finance sectors to help you make better investments and other financial decisions (Get a free issue of The Kiplinger Letter or subscribe). You will get them first by subscribing, but we will publish many (but not all) of the forecasts a few days afterward online. Here’s the latest forecast…

Banks are tightening standards for commercial and industrial loans. According to one survey, nearly 46% of banks pulled back lending to large and medium businesses, while nearly 47% did so for small firms.

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Rodrigo Sermeño
, The Kiplinger Letter

Rodrigo Sermeño covers the financial services, housing, small business, and cryptocurrency industries for The Kiplinger Letter. Before joining Kiplinger in 2014, he worked for several think tanks and non-profit organizations in Washington, D.C., including the New America Foundation, the Streit Council, and the Arca Foundation. Rodrigo graduated from George Mason University with a bachelor's degree in international affairs. He also holds a master's in public policy from George Mason University's Schar School of Policy and Government.