Tag: rising prime rates
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Understanding the Impact of Rising Prime Rates
Posted On: March 17, 2022 by Falcon National Bank in: Manage your Business | Business Banking
If you own a business, then you’ve undoubtedly heard about rising prime rates. And those predictions are in fact coming true, with the first rate hike occurring just yesterday, March 16, 2022. What does this mean for your organization, and how can you plan for success with increased interest rates in mind? Addressing Rising Prime Rates You may already know that increased interest rates affect every facet of the economy. People often associate this rise with changes in their mortgage or...
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