(BPT) - Small businesses keep America moving. They build homes, repair essential systems, deliver goods and provide the services communities count on every day. Together they generate roughly 44% of U.S. economic activity. In the Federal Reserve's latest Small Business Credit Survey, small employers cited rising costs as their most common financial challenge, and only 42% of businesses that sought financing received the full amount they requested. Meanwhile, the Federal Reserve increased interest rates by 0.25 percentage points, bringing its benchmark rate to a range of 3.75% to 4.00% — its first hike since July 2023 — as it works to address inflation that has stayed above its 2% target.
For small businesses already navigating rising costs, this added borrowing expense makes financing options that avoid interest charges an even more meaningful consideration.
Keep it Clean. Please avoid obscene, vulgar, lewd,
racist or sexually-oriented language. PLEASE TURN OFF YOUR CAPS LOCK. Don't Threaten. Threats of harming another
person will not be tolerated. Be Truthful. Don't knowingly lie about anyone
or anything. Be Nice. No racism, sexism or any sort of -ism
that is degrading to another person. Be Proactive. Use the 'Report' link on
each comment to let us know of abusive posts. Share with Us. We'd love to hear eyewitness
accounts, the history behind an article.
(0) comments
Welcome to the discussion.
Log In
Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.