On Wednesday, the Federal Reserve raised its short-term interest rate. This was the first time in 2016.
It’s been widely reported that this signifies the Fed’s confidence in the improving US economy. This change affects milliions of Americans, including business owners making plans for 2017.
The Fed also indicated that we should expect 3 more rate hikes in 2017.
“This is both good news and bad news” said Mike Lockwood, President of TEQlease. “It’s good news that most people expect the economy to continue to improve. But it’s bad news if businesses don’t use fixed-rate, fixed-term financing whenever possible. This should be factored in to planning decisions for the new year.”
TEQlease Capital has a unique focus on providing solutions to a variety of entities, including commercial, hospitality and educational institutions. Founded in 2000, the company is based in Calabasas, California. Learn more about TEQlease by visiting our web site here. If you’d like to schedule a conversation with one of our financing specialists, click here.