Is a Line of Credit Right for Your Business Recession Plan?

Is a Line of Credit Right for Your Business Recession Plan?
Damien Meyer/AFP via Getty Images
The Associated Press
Updated:
More than 90 percent of small-business owners are worried about experiencing an economic recession over the next 12 months, according to a June 2022 Goldman Sachs survey.

Because lenders tend to tighten their lending standards during recessions, small-business owners may be looking for ways to secure funds before access to credit is possibly reduced.