Rates are rising: What does that mean for equipment loans?
As rates continue to increase some companies are rethinking how they finance equipment. In the past when rates were low some business choose short-term, variable-rates. Now a fixed rate is best when thinking about a capital equipment purchase.
Even with interest rate hikes, business outlook optimistic
U.S. businesses took on $7.1 billion in new loans, leases and lines of credit to fund equipment in February.
Automation is Changing the Economy
Automation leads to significant economies of scale – important in industries which require high capital investment. Automation enables firms to reduce their number of workers, and help navigate more complex controls.