Insider hears from readers that banks are tightening lending standards.  This is important because many out of home companies use debt for acquisitions and to finance new sign construction and digital sign conversions.  Data from the Federal Reserve July 2020 Senior Loan Officer Survey on Bank Lending shows that 70% of lenders are tightening credit standards.  60% of lenders are increasing pricing.  The last time the trend was so pronounced was during the great recession of 2008-2009.

Source:  Senior Loan Officer Opinion Survey on Bank Lending Practices

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