Seems obvious, but now would be a good time for those that are flush with cash to step into the breach as commercial banks tighten.
Traditional Asset Managers, Private Equity firms, Venture Capital firms and cash-rich Corporates are all in a position to lend to the mid-market as banks pull back. Credit spreads are widening and mid-market lenders should have little difficulty commanding 12-15% interest rates or higher on high yield credits (I’m thinking of private company borrowers in particular).