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. As of this writing, the Prime Rate is 8.5%. If you’ve been in the market for a business loan, you might be a bit worried....
As a wave of new technology transforms the way the world does business, it’s easy to feel overwhelmed. Even businesses that rely on age-old craftsmanship and handworked detail find that they must adopt new tech to market, ship, and inventory their products...
Equity is what your business is worth after all its assets and liabilities are calculated. Investors look at your business equity when deciding whether or not to invest in your company. Lenders look at your business equity when deciding if you qualify for a loan. You...
Let’s take a look at the state of commercial real estate in 2024 against a backdrop of 2023. With a focus on staving off inflation, the FED repeatedly increased rates in 2023. As an era of ready capital ended, the commercial real estate space has and will continue to...
With the holiday season officially underway, economists are gazing into their crystal balls to see what the future holds. What can you expect to see in 2024? Answers vary, but you’ll be hearing the phrase “soft landing” a lot over the next few weeks...
It’s already time to think about wrapping up 2023 as we close out the last quarter of the year. Improvement may be better measured in terms of slower decline rather than speedy recovery. However, the yearly report isn’t all doom and gloom. In this article, we’ll take...
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