Financial Blogging

As economists predict the Fed will lower rates in the second quarter of this year, it\’s a great time to take advantage of a variable-rate loan such as a line of credit.

Gone are the days when a small business owner could walk down to their local bank, have a lovely chat with their banker, and walk away with a loan to keep their business afloat.

This article will touch on some of the many ways bridge financing works as a solution for small businesses operating in today’s economy.

The Federal Reserve, in an effort to stave off runaway inflation, bumped the Prime Rate up four times in 2023 and a whopping seven times in 2022.