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Financing a Startup in Tough Economic Times

May 22, 2020

The COVID-19 pandemic has left budding entrepreneurs feeling uneasy about launching new ventures. As a potential recession seeks to emerge from the shadows, banks and financial institutions are tightening the reins on credit lending. According to The Wall Street Journal, big lenders like Chase, Bank of America and Capital One are updating lending requirements to stricter standards due to the uncertain financial climate. Many are asking for higher credit scores and boosting income verification.

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