Out of home credit markets are tightening.  Billboard Insider talked with several small out of home companies whose banks have refused to renew a line of credit or refused a request for acquisition funding. The data bears this out.  Here’s a chart taken form the Federal Reserve Senior Loan Officer Survey on Bank Lending Practices.  The Chart shows the net percent of domestic banks who are tightening standards for commercial and indusrial loans to small firms.  When the blue line is above zero, a majority of lenders are tightening their standards. Two things stand out.

• Domestic banks have been tightening lending standards to small firms since June 2022.
• Lending standards tighten the most during recessions which are the periods shown in gray on the chart.

Billboard Insider’s take:  Now’s the time to make sure you are communicating with your bank.   Stay in front of your lender.  Send articles on the strength of out of home and current out of home market values.  Ask about trends in lending standards.  And if your bank is tightening in unacceptable ways seek out an experienced out of home lender like Alerus Financial or Verde Capital or Stark Capital or Billboard Loans

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