By Neil Hare
If you’re like most business owners, you’re looking at the Silicon Valley Bank (SVB) and Signature Bank collapses and wondering what it means for your access to capital—but perhaps not in the way in which you originally thought. The question of whether your money will be safe at your bank has, for the most part, been answered affirmatively by the government. But the question of where you’re going to get an influx of capital this year if you need it, is not looking positive.
To date, the explanation for the SVB collapse is that it had gobs of cash deposits from its startup clients