Dear Chicago: Get banks to lend again

Dear Chicago: Get banks to lend again
Bernita Johnson-Gabriel advocates for small businesses in her Bronzeville neighborhood. WBEZ/Shauna Bittle
Dear Chicago: Get banks to lend again
Bernita Johnson-Gabriel advocates for small businesses in her Bronzeville neighborhood. WBEZ/Shauna Bittle

Dear Chicago: Get banks to lend again

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Chicago residents might not realize it, but some of their favorite neighborhood retail strips are in trouble – partly because lenders have tightened access to credit.

Banks nationwide have been reluctant to lend since the financial crisis dried up credit and made almost any loan seem like a risky proposition. The situation’s hit small businesses especially hard.