Popular Bank & Latin Biz Today Explore: What’s Going to Happen with Interest Rates? [Video]
Bull and Bear

In this final episode of Driving Success Through the Pandemic series, Chinea and Mendoza share their insights on interest rate impacts on small businesses.

Popular Bank Chief Operating Officer Manuel Chinea and Latin Biz Today advisory board member Elias Mendoza are continuing tackle important topics  in Driving Business Success Through the Pandemic, a nine-part virtual discussion series that aims to empower small business owners to successfully navigate immediate and ongoing challenges and opportunities.

As inflation rates continue to rise, interest rates will be influenced, and Fed increases in the future will impact financing. Consumers are currently revisiting their needs–from refinancing debt to securing low rates. The same can be said of small businesses, which are attracted to or seeking low financing rates for a longer period of time.

There currently exists a great opportunity for small businesses to be proactive and look at their growth plan. If they want to move in that direction, they may want to consider securing favorable financing costs sooner before the window should close when the Fed makes an announcement. Costs will then be even greater for materials, construction, and other key areas that impact small businesses.

Related content

Session 1: New Virtual Discussion Series Talks Small Business Solutions [Video]

Session 2: Popular Bank and Latin Biz Today Talk Small Business Capital Infusions and Emergency Funding [Video]

Session 3: Ensuring Liquidity Amid Economic Volatility- Session 3 [Video]

Session 4: Identifying Business Opportunities and Strategies Around Covid Volatility [Video]

Session 6: Covid Impact & Insights As Related to Industries- Session 6 [Video]

Session 7: Popular Bank and Latin Biz Today Talk Small Business Agility Amid Ongoing COVID-19 Disruption [Video]

Session 8: Popular Bank & Latin Biz Today: What to Look Out for in an Overheated Economy [Video]

Disclaimer:  The information mentioned in this article is for informational purposes only, is intended to provide general guidance and does not constitute legal, professional or tax advice. Each person’s situation is unique and may materially differ from the information provided herein.  You should seek the advice of a financial professional, tax consultant and/or legal counsel to address your specific needs before any financial or other commitments regarding the issues related to your situation are made.  Popular Bank does not make any representations or warranties as to the content contained herein and disclaims any and all liability resulting from any use of or reliance on such content.

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