Posts tagged "business loan interest rates calculator"

The decision to hike interest rates again after a month on pause has raised concerns the Reserve Bank could nudge the economy into a recession.

Small business demand for non-bank lending solutions has risen 50% over the last year, business lender ScotPac says, suggesting the time and effort required to obtain traditional financing, along with rising interest rates, are causing entrepreneurs to look further afield.

Not all business loans are created equal. And trying to calculate the total cost of a loan can be mind-boggling, especially with hidden fees…