Business Loans

Understanding the Impact of Rising Interest Rates on Small Businesses

In today’s ever-changing financial landscape, it is crucial for small business owners to stay ahead of the curve. One of the key factors that could significantly impact businesses is the rise in interest rates. According to a recent MetLife-Chamber poll, 39% of small business owners have taken out a small business loan to offset higher costs in materials and supplies resulting from the surge in inflation

Understanding how this can affect your business and what strategies you can employ to minimize its impact is of utmost importance.