The recent fed decision to raise interest rates has started to hurt small business loans and startup funding. Because inflation is going up and to fight back, the Fed wants to make borrowing money more expensive.
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But while this appears to be mostly bad news, there is some good news with interest rates going up as well. In this video, I will share my predictions on how current events will impact small businesses everywhere.
Timestamps:
How Higher Interest Rate Hurt Small Businesses (0:00)
Inflation Problem (1:13)
3 Ways Interest Rates Impact Business (3:24)
How to Handle Higher Interest Rates (6:35)
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).