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The Independent UK
The Independent UK
National
Mae Anderson and Anne d'Innocenzio

EXPLAINED: Small business owners feel the credit crunch - The Real Truth

Copyright 2023 The Associated Press. All Rights Reserved.

When Nat West, owner of cider-making company Reverend Nat’s Hard Cider, decided to supplement his wholesale business by opening a taproom in a bustling neighborhood in Portland, Oregon, he thought getting financing would be a breeze.

After all, he was only seeking $50,000, has been in business for 11 years, and takes in more than $1 million in annual revenue.

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