WSJ Reports that Small Business Lenders are tightening standards in response to current economic uncertainty.

In today's challenging economic environment a lifeline for small businesses may be harder to access -- high interest rate small business loans. According to a report in the Wall Street Journal from March 28, 2020, "banks and financial-technology firms are starting to toughen their approval standards for new loans to consumers and small businesses. That means many people could find it hard to get credit just when they most need it, as the novel coronavirus pandemic puts thousands out of work."