Why Now is the Best Time for a Fixed-Rate Loan

Everyone, it seems, is talking about the historically low interest rates available today. What does this mean for your business? If you are looking to invest in your business property or equipment, it is very good news.

There are two different types of loan rates: Fixed and variable (or adjustable). With a variable-rate loan, the interest rate fluctuates along with changes in the market interest rates. This means your monthly payments will vary, either rising or falling according to current market rates.