Local banks say businesses are still taking out loans, despite elevated interest rates. In some cases, that's because they don't want to wait for rates to fall.

Arielle Clark, owner of Sis Got Tea, started her business doing online sales. Now, she has a storefront in Louisville, Kentucky.

Small and medium-size businesses are increasingly getting loans from nonbank entities like hedge funds or private equity firms.

A Dallas Fed survey found signs that banks are pulling back on loans. High rates may also be dampening interest among borrowers.