Скачать или смотреть Dealing with Increasing Interest Rates in Small Business Lending

In this insightful video, our expert guest Chris Hurn, Founder and CEO of Fountainhead Commercial Capital, discusses the impact of recent interest rate hikes on small business lending and shares valuable advice for business owners. With the Federal Open Market Committee's decision to boost interest rates by 75 basis points, borrowing costs have risen considerably, affecting many small business owners seeking loans.

Timestamps:
00:00 - Introduction
00:35 - Recent changes in interest rates and their impact on small business lending
01:42 - The effect on Small Business Administration (SBA) lending
03:14 - Financing options for small business owners
04:12 - The shift in sources of credit during economic downturns
05:50 - How interest rates affect business loans and their pricing
07:21 - The role of SBA lenders in the lending market
09:21 - Advantages of SBA-backed loans for small businesses
11:29 - Top reasons for choosing SBA-backed loans
13:27 - Importance of flexibility in loan terms during economic slowdowns
14:29 - Wrap-up

Key Takeaways:

Small business lending, particularly SBA lending, is directly impacted by the rising interest rates.
Refinancing high-priced options can help lower effective borrowing costs and monthly payments.
SBA loans offer lower down payments, longer repayment terms, and more flexibility compared to conventional loans.
During economic downturns, traditional lending sources may tighten their lending criteria, making SBA loans a more attractive option for many small businesses.
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