Fed Cuts Rates a Full Point in Emergency Move
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The Fed is making an emergency move that may or may not mean anything to most people – but if you’re in the business loan market – time to save! This puts Prime Rate at 3.25% where it was a few years ago when the economy was pretty flat, and when things got moving again in 2017 it started rising.
For now this means that business loan rates can be had at a lower rate than before. Fixed rates might not go down much but at least they’re not moving up! And those that have SBA adjustable rates will get a discounted payment next adjustment and can start at or near an all-time low.
If you’d like to explore your opportunities for your business – after all the health concerns are alleviated, or even right now, please call us at 813-891-1811 or go to our Contact page. We’re busy, people are still building businesses and buying others. Let us Help You Grow!