- September 20, 2023
- Posted by: Dan Gordon
- Category: Accounting Advice
Have you noticed lately that getting a loan for a pest control company is more difficult than it has been in the recent past?
The availability and ease of getting a loan can vary based on several factors, including the economic environment, lending policies and the borrower’s creditworthiness. During times of economic uncertainty or recession, lenders often become more cautious and stringent in their lending practices. They may tighten their credit standards, resulting in a more challenging loan approval process.