There’s a credit crunch all across the country. Here’s why.

Hear that? It’s the sound of credit crunching all across America.Okay, if not crunching, maybe squeezing. Or tightening. Or whatever euphemistic verb you might choose to communicate that, basically, it’s gotten more difficult to borrow lately. Lots of measures have shown that businesses and consumers have found it more challenging to obtain financing recently, particularly in the wake of major regional bank failures in March.