Businesses are taking out fewer bank loans
By Justin Ho
Businesses have been able to pay off some debt during the pandemic — that’s one conclusion of a new report from S&P Global Market Intelligence. And that might be telling us something about where this economy’s headed….Karen Petrou, managing partner at Federal Financial Analytics, said companies were hoarding cash. “Companies drew every nickel of cash they could get out of their banks just in case,” she said.

Listen: https://www.marketplace.org/2020/08/14/businesses-taking-out-fewer-bank-loans/