Business Loans: Fixed Rate vs Variable Rate

When shopping for a business loan, you will usually be able to choose between a fixed rate and variable rate. As a business owner, there are a number of different reasons that you could need a loan. Both fixed rates and variable rates could be beneficial, depending on your reason for the loan. Choosing between one or the other could be tough. If you are trying to decide between the two types of rates, here are a few things that you need to consider.  Fixed Rate With a fixed rate business loan, you will be subject to the same interest rate...