A new study from the Federal Reserve Bank of New York notes that small business owners drew further on loans against their homes to get access to …
Small business owners turn to personal credit during the pandemic
After more than a year of navigating lockdowns, mandates and COVID-19 protocols, small-business owners are starting to see a light at the end of the tunnel. But the debt many needed to take on to weather the pandemic still casts an ominous shadow.
BRN AM | Small business owners turn to personal credit during the pandemic | Andrew F. Haughwout, Senior Vice President at Federal Reserve Bank of New York | Visit www.broadcastretirementnetwork.com