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By:
Peter Miklos, EVP & Central PA Commercial Banking Group Manager, Univest Bank and Trust Co. April 21, 2022
With inflation still on the rise, it is a pervasive topic of discussion with business owners. Along with inflation concerns, we have rising interest rates. We have seen significant rate increases so far this year. These factors result in higher costs for business owners. How can they plan accordingly?
How will rising interest rates impact business owners?
Without proper preparation, rising interest rates can have a substantial impact on business owners. To help prepare for the rate hikes projected by the Fed, business owners should reexamine their business plan.…
By:
Peter Miklos, EVP & Central PA Commercial Banking Group Manager, Univest Bank and Trust Co. December 2, 2020
If a business experiences a fire, the progression afterward is usually to rebuild and return to normal. But what happens if “normal” no longer exists? To say 2020 has been a difficult year would be an understatement. Continued surges of the coronavirus pandemic have led to shutdowns and safety precautions. In addition, social unrest continues to cause turmoil. These areas of volatility mean many small businesses continue to face “fires” as 2020 comes to an end. Since the pre-pandemic normal might not return, here are three ways businesses can adapt for a new year and a new business environment.
