That’s the finding from the underlying data analyzed in NerdWallet’s Small-Business Financing Index. Small business loan volume in July was at its lowest point since late 2020. Rising interest rates make it harder for small businesses to get credit. And going forward it’s going to get harder as underwriting standards get tougher. An owner’s personal FICO score over 720 is a must to get the best interest rates. #IdeaoftheDay
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