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Entrepreneur

Biz2Credit Lending Index Report for March 2022

Small Business loan approval rates from all types of lenders continue to rise in very small increments, according to the Biz2Credit Small Business Lending Index released March 15. The report includes loan approval rates through February 2022. Although approval rates are rising, they’re rising in the same slow-growth pattern that’s [CONTINUE READING]

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Entrepreneur

Fed Raises Interest Rate, Will Cost Small Business More for Loans

On Wednesday, Feb 16, the US Federal Reserve approved its first interest rate increase in more than three years, in a bid to address concerns of inflation stifling economic growth. The measure raised the interest rate by 0.25 percent to ease increasing inflation, which hit a new 40-year high of [CONTINUE READING]