Local and regional banks parcel out billions of dollars in personal and business loans each year. It’s possibly the most basic thing they do, besides offering free checking and interest-generating savings accounts.
But basic doesn’t mean unimportant. Without that capital, companies would be left in the lurch, unable to afford to hire employees, pay for infrastructure improvements, or expand geographic and industry footprints. Our personal and professional lives would be far worse off without banks providing liquid support.
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