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Lending Climate in America – 4rd Quarter 2026 Survey

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Publication Date: November 9, 2026

Lenders are showing greater optimism about future economic conditions and customer growth in Q4 2026, following more cautious sentiment in Q3. However, concerns about geopolitical risk/war, policy uncertainty, and the possibility of a US recession continue to shape the outlook. A majority of lenders surveyed also expect interest rates to rise or remain elevated over the next six months. Respondents continue to cite Financial Services as the industry most likely to experience volatility over the next six months. 

In the J.S. Held “Lending Climate in America” survey for Q4 2026, lenders were asked to identify what actions their customers planned to take most frequently in the next six to twelve months. The survey also reveals that lenders remain cautious and seek to maintain loan structures across all loan sizes, although larger loans remain subject to heightened scrutiny as 2027 approaches.

READ THE COMPLETE SURVEY RESULTS HERE: 

Full Report: Click here to view

Infographic: Click here to view

More About our Quarterly “Lending Climate in America” Survey

The “Lending Climate in America” survey is administered quarterly to lenders from various commercial banks, private credit funds, finance companies, and factors across the country. Our team of experts collects, tabulates, and analyzes the results to create a complete evaluation of national attitudes and trends.

To view all "Lending Climate in America" reports, please click here.

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This publication is for educational and general information purposes only. It may contain errors and is provided as is. It is not intended as specific advice, legal, or otherwise. Opinions and views are not necessarily those of J.S. Held or its affiliates and it should not be presumed that J.S. Held subscribes to any particular method, interpretation, or analysis merely because it appears in this publication. We disclaim any representation and/or warranty regarding the accuracy, timeliness, quality, or applicability of any of the contents. You should not act, or fail to act, in reliance on this publication and we disclaim all liability in respect to such actions or failure to act. We assume no responsibility for information contained in this publication and disclaim all liability and damages in respect to such information. This publication is not a substitute for competent legal advice. The content herein may be updated or otherwise modified without notice.

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