Small business owners have given up around $43k on average in lost opportunities because of insufficient cash flow issues.
According to the Kauffman Index, the percentage of "encore entrepreneurs" has risen to 24.3% and is the largest gain of any age group.
Many community banks tell us that in this rate environment, plenty of commercial customers seek the stability of a fixed loan coupon.
What can community banks do to keep their business customers in this fierce, non-relenting competitive landscape?
Banks will soon need to adjust their loans to a new benchmark known as the Secured Overnight Financing Rate (SOFR).
For bankers coming to the end of their CECL build phase and now seeing dry runs of reports, some may find dialog with investors picking up too.
Community banks outperformed middle-size and large banks for total loan growth in 75% of the regions measured during Q2, according to Trepp Bank Navigator.
The latest Financial Stability Report by the Fed provides insight into borrowing by businesses.
Community banks and their customers are feeling the effects of the government shutdown, now in its fourth week.
Competition is growing as agricultural-focused fintech firms (agtech) are entering the market.