Ares CEO Says Small Businesses 'Aren't Out of the Woods Yet'

The transcript discusses the challenges and outlook for small businesses, highlighting a dichotomy between larger borrowers with easy credit access and smaller ones facing difficulties. It emphasizes the disconnect between liquid markets and the real economy, noting improvements due to economic recovery efforts. However, challenges persist, potentially delayed by stimulus measures. The discussion also covers corporate lending, liquidity sources, and the healthier-than-expected state of small businesses.

What factors contribute to the risk of distress for small businesses?

In what ways has private credit influenced lending to small businesses?

How does the current economic recovery impact small businesses?

What challenges do small businesses still face despite improving conditions?

What is the outlook for small businesses compared to six months ago?