From the Editor's Desk

What Trump Means for Small Business Borrowing

At its core, the 2024 election largely ended up being about the price of eggs. This is typical, with economic issues generally taking center stage at election time. In short, a "bad economy" will always hurt the party in power.

The economy over the past four years has been strange, with certain sectors doing well, and others doing not-so-well. The not-so-well part has hit consumers and small businesses particularly hard. The price of consumer staples has risen, and people everywhere have felt the impact. Not to be left out, small businesses have been affected to a large degree as well. Business borrowing, whether for lines of credit or equipment financing, is down. Defaults are up.


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