Low interest rates make business loans more affordable. As a result, companies generally borrow for expansion during periods of low rates, making repayments
Although the Federal Reserve raised rates by .25% in March, slowing retail sales and lower than expected inflation make it unclear if there will be
further rate increases this year. It largely depends on the performance of the US economy, so it remains to be seen.
However, if you have been thinking of growing your business with a loan, now may be a good time to act while interest rates remain at historically
For more information on how interest rates affect businesses, Click Here
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