Decision depends on rate trends, risk appetite, growth prospects and much more
By The Business Development Bank of Canada
Fixed rate or floating rate? What type of loan should you get for your company?
It’s one of the main questions business owners ask when approaching banks to borrow money. The answer is that it depends.
It’s not just about whether rates are expected to go up or down. You should also consider a host of other factors, such as your risk appetite, growth prospects, the loan’s amortization period and the stability of your revenue.
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