Sales of Businesses Slowing Due to Rate Hikes and Inflation

The acquisitions figure is less of a worry as it is still a gain of 14% year-on-year which indicates that a strong market is navigating the economic fluctuations well enough. The median sale price also seems quite a big drop-off, but it is still just 2% below last year’s median sale price of $320,000, according to data from the BizBuySell Insight Report which tracks and analyzes business-for-sale transactions as well as the sentiment of business owners, buyers, and brokers.

Small Biz TrendsConcierge Notary ServicesOctober 14, 2022concierge notary, sales, business, interest rates, inflation, economyComment

What To Do About Riding Interest Rates: 5 Ways to Prepare

If your business has an outstanding line of credit, the interest rate you’ll pay is the current interest rate set by the borrower. This rate, which is likely geared to the bank’s prime rate, is effectively fixed according to the fed funds rate. As the fed funds rate increases, so does the prime rate, and thus the rate you pay on your line of credit.

Big Ideas Small BusinessConcierge Notary ServicesJuly 4, 2022concierge notary, notary business, small business, taxes, interest rates

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