AmiSight 8/31: Should Higher Interest Rates Stop You In Your Tracks?
Interest rates are up – a lot!! Most SBA 7(a) loans today are priced at 11.25 percent, dramatically higher than the 6 percent rate we saw in 2022. So, a fair question is, should entrepreneurs put expansion plans on pause and wait for rates to come down?
As I’ve written before, the answer is not always obvious. No crystal ball will tell us where rates will be in a year or two. We are living in unprecedented times as the world recovers from the economic shock of COVID. There is no playbook to determine what comes next.
What do you think about this challenge? Head over to my 21Hats column today as I share some thoughts.