Inflation is high and the hope of lower rates is becoming more and more far-fetched.
G20 finance leaders, otherwise known as finance ministers and top central bankers of the Group of 20 industrial nations, are pushing for the word “cautious” to be added into every small business owner’s dictionary.
While these leaders are trying to combat these high rates with help from the United States and other countries, they are also encouraging post-pandemic support.
Why are G20 leaders encouraging post-pandemic support?
“Inflation has pushed prices of food, energy, and other vital necessities sharply higher at a time when many countries are still trying to get COVID-19 outbreaks under control. That has financial lenders treading a precarious path between raising costs of borrowing to cool inflation and while trying to avoid derailing nascent economic recoveries,” according to MSN.
Small business owners cannot afford to continue hanging on to loose threads when it comes to the security of their business.
What does this mean for U.S. businesses?
For some, this will mean pulling back from the market until rates are not skyrocketing. For others, this may mean materials and resources, business connections and collaborations, or funding to gain additional working capital.
What we do know is that this will affect all business owners in various ways.
One of the biggest influences comes from the U.S. Federal Reserve. With plans to pull back on massive support for markets and businesses, policymakers are preparing to raise interest rates as soon as next month to cool inflation.
Who is eligible for post-pandemic support?
Fortunately, it is not a matter of who is eligible. It is instead a matter of which resources are most beneficial for your business at the moment. Time is crucial here. If you need working capital to continue moving forward, our team would be happy to support you through this time of need.
No more struggling to escape the struggle. Apply today.
