As the federal funds rate goes up, the effects will quickly ripple through the rest of the market. That impending shift means the window is closing for businesses to access loans at the low rates we're still seeing today. So is now the time to refinance your debts? If you have a sizable amount of variable-rate debt, then it may be time to refinance it into something more stable. The SBA refinancing program is one option that many business owners should consider. The Fed has made it clear that more rate hikes are coming, and it is only a matter of time before loans start getting more expensive. Act now and you could lock in a rate that helps your business.
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