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With Inflation running at around 8% in both the U.S. and Europe, growth is starting to slow down, prompting fears of a recession. That has led to some economic institutions, including the World Bank, to warn of “stagflation” lurking in the background. The term, a mash-up of stagnation and inflation, was popularized in the 1970s…

As we move into spring and the pandemic continues to wind down, businesses are returning to more normal operations. But now, with inflation a growing concern (7.9% in February), how can businesses best protect their financing costs? To deal with higher costs, more businesses have been taking out loans. In a survey by the U.S….

Get ready for a year of rising interest rates, precipitated by the Federal Reserve as a way of fighting off inflation, and bolstered by a bevy of financial press and investor reports. Goldman Sachs expects the Federal Reserve to enact four interest rate hikes this year but thinks more are possible due to the surge…

TROY, Mich., Jan. 26, 2022 – Great Lakes Business Credit, one of the nation’s fastest-growing asset-based commercial financing companies, has been named a “Best of MichBusiness” honoree. The Best of MichBusiness Awards celebrates the programs and companies that make Michigan a great place to live and work. The awards program honors the companies that made…

As the economy bounces back and the U.S. transitions out of the pandemic, business owners will continue to need access to capital to both recover and grow. Since federal relief from the Paycheck Protection Program ended on May 31, business owners need to be prepared to seek future financing and look for new options. With…

Advice: Check Out Lending Options Now Some economic forecasts are pointing to potential inflationary times, which could tighten lines of credit. In July, the Federal Reserve decided to hold rates steady and said the U.S. economy is recovering despite Covid-19 concerns. Fed Chair Jerome Powell said that the U.S. economy is still a good deal…