How Recessions Can Impact Borrowing and Lending
Lendio
FEBRUARY 8, 2023
In fact, the Federal Financial Institutions Examination Council found small business loans peaked at 14 million in 2007, just before the Great Recession. A Lowering of Your Credit Score: Borrowers often see a shift in their credit score during a recession—usually downward as cash flow issues make it harder to pay off their debts.
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