CLASS: SBA Loan Refinancing

With the Federal Reserve’s recent hikes of the federal funds rate, borrowers with small-business loans may think that they've missed their opportunity to refinance to a lower interest rate.

That’s not necessarily the case. A lower interest rate may still be within reach, because the rate you pay on your business loan is influenced by more than the Federal Reserve. And while a better interest rate can be helpful, it is not the only reason to consider refinancing. We will explore what you need to keep in mind as you weigh your options.