Increase Creditworthiness To Keep Small Business Loan Interest Rates Low

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In a move that surprised few people, the Federal Reserve announced on Wednesday at the Federal Open Market Committee (FOMC) meeting in Washington, D.C., that interest rates will be hiked for the sixth time since December 2015, a time when rates were near zero.

What does this mean if you’re looking for a loan for your small business? Contributor, Rohit Arora, explores why credit scores are even more important now, and how you can prepare before applying for business loans.

Read the source article at Forbes Welcome

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