Outlook Is Optimistic for Small Business Owners in 2017

The Fed made one increase to the federal funds rate in December 2016 and economic market activity appears to be improving with the election of President-Elect Donald Trump; Rohit Arora of Biz2Credit says the outlook is optimistic for small business owners in 2017; with only one rate increase, borrowing rates are still low for small business owners and lenders are approving a higher percentage of loans; Donald Trump’s plans to alleviate some of the burdens from Dodd-Frank on banks is also likely to help approval rates for small business owners.  Source