Business Plan
In recognition of the more than 33 million small businesses in the US, we are sharing helpful best practices to fine-tune your small business plan to weather economic shifts.
Responsibly manage your business debt
Interest rate changes have significant impacts on business lending. To effectively manage your debt, consider these financial tactics before applying for a business loan:
READ: Higher Interest Rates — What Does It Mean for Consumers, Bond Investors and the Stock Market?
Convert floating debt
Consider converting any floating-rate debt to fixed-rate debt, which flips the mindset from short-term financing to a longer-term solution that may be…