Due to the credit crunch that developed during the Great Recession, many small businesses found that ________ were more willing to lend money to smaller operations.

Question

Due to the credit crunch that developed during the Great Recession, many small businesses found that ________ were more willing to lend money to smaller operations.

Quizplus · Accepted Answer

Smaller, community banks were more willing to lend money to smaller operations during the credit crunch of the Great Recession. This was because they had a closer relationship with their local communities and were more familiar with the businesses in their area. Large corporations, credit card companies, and international banks were less likely to lend to smaller businesses during this period.

Due to the Credit Crunch That Developed During the Great