The Federal Reserve's latest survey of senior loan officers has some cheery news. I like to look at the percentage of banks tightening credit standards, versus easing credit standards. Keep in mind that banks are very hesitant to admit that they are easing. Any figure below 0 on the chart is good news for borrowers.
The survey also said that spreads (the difference between the interest rate charged to borrowers and the bank's own cost of funds) continues to narrow.
All businesses should have regular conversations with their bankers. Even you don't have bank credit, get to know a banker. It's vital to know if you could be bankable, and what your financial statements would have to look like.