Fed rate hike pushes small business loan interest over 10% for first time in nearly a generation

The Fed rate hike of half a percentage point moves the Prime Rate to a level that means business owners will be paying 10%-plus interest on debt.

Fed rate hike pushes small business loan interest over 10% for first time in nearly a generation
The Fed rate hike of half a percentage point moves the Prime Rate to a level that means business owners will be paying 10%-plus interest on debt.