If you've been getting pushback on deals, or they’ve even been falling through, you're not alone. We’re seeing it firsthand: banks are tightening their lending practices, and it’s becoming harder to secure the financing needed to keep business moving.

The ripple effect of banks not lending could be massive. For businesses that rely on funding to grow, close deals, or stay afloat, this is a major concern. Without access to capital, your ability to invest, expand, or even maintain your current operations could be severely impacted.

Are you prepared to face a tighter lending market? How would it affect the ability to grow or secure new opportunities? What will business look like if access to traditional lending dries up even further?

In this episode, I talk about the 5 reasons why banks are freezing up and not lending, what happened previously to get to this point and how to prepare for what’s to come.

Things You’ll Learn In This Episode

-The Great Recession

The Great Recession exposed major flaws in the global financial system, nearly causing its collapse. How did the events leading up to the Great Recession put the entire financial system at risk?

-An uncertain future

We can’t predict exactly how the economy will change. How does economic uncertainty influence a bank's willingness to lend?

-A risk-averse approach

Banks have shifted from taking bold risks to adopting a more risk-averse approach. How has this shift impacted the financial industry?

About Your Host

From pro-snowboarder to money mogul, Chris Naugle has dedicated his life to being America’s #1 Money Mentor. With a core belief that success is built not by the resources you have, but by how resourceful you can be. Chris has built and owned 19 companies, with his businesses being featured in Forbes, ABC, House Hunters, and his very own HGTV pilot in 2018. He is currently founder of The Money School™, and Money Mentor for The Money Multiplier.

His success also includes managing tens of millions of dollars in assets in the financial services and advisory industry and in real estate transactions. As an innovator and visionary in wealth-building and real estate, he empowers entrepreneurs, business owners, and real estate investors with the knowledge of how money works.

Chris is also a nationally recognized speaker, author, and podcast host. He has spoken to and taught over ten thousand Americans delivering the financial knowledge that fuels lasting freedom.

Check out this episode on our website, Apple Podcasts, or Spotify, and don't forget to leave a review if you like what you heard. Your review feeds the algorithm so our show reaches more people. Thank you!

5 Reasons Why Banks Are Tightening Lending—And How to Prepare 22:29 Share

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5 Reasons Why Banks Are Tightening Lending—And How to Prepare