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Could Take A While For Main Street Businesses To Feel Credit Crunch - Atlanta Fed

US OUTLOOK/OPINION
  • The Atlanta Fed’s macro blog today implicitly lent on the side of credit tightening having a relatively small equivalent tightening impact with about 60% of respondents having enough cash on hand to execute current plans during the next year rather than requiring new credit.
  • Full blog found here, survey taken April 10-21: https://www.atlantafed.org/blogs/macroblog.aspx
  • "Only about a quarter of our firms anticipate applying for new credit (or rolling over an existing line of credit) during the next 12 months, down from about a third of firms over the past year. Most firms do not anticipate seeking funding, and about 60 percent of respondents indicated having enough cash on hand to execute on their current plans. Additionally, about one-third of these firms said they did not want to accrue further debt. Put simply, if a pending "credit crunch" is going to send the economy into a tailspin, it might take a while for Main Street businesses to feel it."


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