US economy feeling the pinch as lines of credit are squeezed

Businesses treading water as banks tighten standards relating to applications for creditBusinesses treading water as banks tighten standards over applications for credit

A survey recently conducted by the Federal Reserve reveals indications that lines of credit are harder to come by, with loans to businesses on commercial and industrial (C&I) and commercial real estate (CRE) facing tougher criteria over the second quarter of 2016 than in the past three quarters. Companies in search of C&I loans for new inventory or relocation are facing tougher credit standards as banks continue to tighten lending, particularly in the case of medium- and large-sized companies. Read more…