Large, trustworthy companies have been getting turned away when looking for a loan or are asked to pay more and wait longer. With so many people and businesses turning to the banks for loans, money is starting to freeze up and banks are turning people away. Anonymous high-level bankers have commented that loans are being considered based on “their strategic relationship with the borrower, how urgently the company needs the cash, their credit quality and how much more they’re willing to pay.” Even borrowers who haven’t seen a major need for a loan are looking for credit in case of a cash emergency down the road.