The fact that banks and other commercial lenders have changed so dramatically in a very short period of time is one of the key factors impacting the new directions for business financing. These changes will probably be permanent in most cases. Multiple banks have stopped or reduced their commercial loan activities, and some business lenders have simply gone out of business. funeral home mortgages~This has particularly occurred for special-purpose commercial financing such as funeral home financing~For special-purpose working capital financing and business financing such as funeral home financing, this has proven to be especially true}. Most banks have proclaimed that they are providing a normal level of lending, but their actions clearly tell a different story. Commercial lines of credit and most non-collateralized business loans have been eliminated by numerous banks. Multiple reports of banks telling business owners that they have only a few weeks for refinancing their current loans elsewhere have been all too common. The new directions for commercial borrowers are not optional or voluntary with these multiple bank examples. Borrowers might find themselves without reliable working capital and commercial loan financing if they do not move in new directions for their commercial financing.

For businesses needing help with specialized business financing such as {funeral home loans and golf course loans, the choices when seeking new directions will be more limited~The choices when seeking new directions will be more limited for businesses needing help with specialized business financing such as funeral home business loans and golf course financing~Any choices when seeking a new financing direction will be limited for businesses needing help with specialized business financing such as golf course financing and funeral home business loans}. For these special-purpose commercial real estate situations, commercial financing was already difficult in most instances. But what might turn out to be advantageous for the owners of funeral homes and golf courses is the urgency of finding new commercial finance sources. Commercial borrowers have typically not been looking for new commercial finance sources unless a new lender was needed. Now that many golf course and funeral home owners (as well as many other business owners) have literally been forced to find new sources for their commercial mortgages, a surprising number of these business borrowers are finding better commercial loan terms than they previously had.

Different lenders are emerging to replace the old ones, largely because business lending is so competitive. The banking industry is starting to look like other aging industries such as automobile manufacturers as commercial financing moves in new directions. Business owners might now find that their business financing and working capital financing choices have improved, although the similarities to automobile manufacturers are surely not welcomed by bankers.