Access to business loans tightens in United States

Heightened uncertainty, combined with higher inflation, economic stagnation and rising federal deficits could mean tighter lending conditions for both businesses and households, writes KPMG US Senior Economist Ken Kim.

The United States (US) Federal Reserve's Senior Loan Officer Opinion Survey (SLOOS) has revealed tighter bank lending standards for businesses of all sizes during the first quarter along with weaker business loan demand. For households, banks reported little change to slightly tighter standards while loan demand was mixed. For loans to businesses, nearly 20 percent of banks tightened their lending standards for commercial and industrial (C&I) loans to large and middle market firms (e.g....

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Authors: Kenneth Kim

Published Date: 27 May 2025