Dear Chicago: Get banks to lend again
By Robin AmerDear Chicago: Get banks to lend again
By Robin Amer
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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.