Only in 2023 can a bank fail on Friday and announce that it's ramping up its loan business two days later, but such is what happened with Silicon Valley Bank. Nevertheless, all of the chaos that took place over the weekend is likely to mean that regulators will be taking a sharper look at how banks are managing their risk and investing customer deposits. That probably means bank business lending is about to become even more conservative than it had already gotten. This is where you come in since customers will still be looking for capital. Are you ready for them?
Given the way the year is unfolding, the mass gathering of commercial finance brokers, lenders, funders and more at Broker Fair on May 8th in NYC is going to be all the more important! Happy funding!
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