Small Business Banking and Lending on Decline

Banks pay a lot of lip service to prioritizing small businesses, but recent years have seen banks clamping down on small-business lending.

BAI Banking Strategies writes that banks are more risk-averse than they have been before, due to the unstable economy and the fear of small businesses not turning up the profits that they need.

BAI suggests that banks need to start hiring bankers that are knowledgeable of small businesses and their needs, instead of assigning bankers who are skilled in other types of banking services.