The Growth of Private Credit Gives Companies Refinancing Options In the current economic climate, with major uncertainties around new trade tariffs, consumer confidence and public markets, companies with bank loans are increasingly finding themselves in danger of default. After tariffs were announced in April, JPMorgan raised its estimated risk of a U.S. and global recession in 2025 from 40 to 60%. Provisions for loan losses among the 10 largest U.S. regional banks are alre