When the Federal Reserve raises interest rates, it can affect the economy and lending market.
RATES MAY INCREASE
Banks and lenders may raise rates on new loans and financing.
BORROWING COSTS CAN BE HIGHER
New financing may cost more, and monthly payments may increase.
BUSINESSES MAY ADJUST PLANS
Higher borrowing costs can impact expansion and equipment purchases.
EQUIPMENT FINANCING RATES ARE NOT THE SAME AS THE FED RATE
Your rate is based on several factors, including credit, term, equipment, transaction size, and the funding program.
EQUIPMENT SHOULD PAY FOR ITSELF
That’s why rates and the ROI for equipment are important. The right equipment can increase productivity, reduce costs, and drive growth.