Sign in
Stories
Small Businesses Struggle with High Interest Rates and Lack of Financing
Share
Australia's Business Conditions Soften
Banks' NIM Under Pressure Despite Rate C...
Credit Cards as Entrepreneurial Funding ...
Overview
API
Small businesses are facing financial challenges due to high interest rates and depleted reserves from pandemic-era assistance programs. The lack of access to credit and financing is impacting operations, leading to delayed purchases and hiring. Small business optimism is eroding, with concerns about a tightening labor market and inflation. US companies are considering refinancing 2024 debt but face potential profit hits and increased interest costs. Higher interest rates are impacting small businesses, leading to delayed expansion plans and increased financing costs.
Ask a question
How can small businesses mitigate the impact of high interest rates?
What alternative financing options are available to small businesses?
What steps can the government take to support small businesses during this challenging economic period?
Article Frequency
0.2
0.4
0.6
0.8
1.0
Jul 2023
Aug 2023
Sep 2023
Oct 2023
Coverage