Small businesses are seeing the already-tough process of getting business loans get even tougher. Borrowing for small businesses was already constrained due to rising interest rates. Following the recent Silicon
When Nat West, owner of cider-making company Reverend Nat’s Hard Cider, decided to supplement his wholesale business by opening a taproom in a bustling neighborhood in Portland, Oregon, he thought getting financing would be a breeze. After all, he was only seeking $50,000, has been in business for 11 years,…