Blogs

Inflation has had a significant impact on businesses and this can lead to a financial stress. However, it is possible for businesses to increase buyer traffic and boost sales even in times of market chaos by employing strategic product and service bundling. Read more here. To combat inflation and slow spending, the US Federal Reserve recently announced the fourth interest rate hike of 2022. Raising interest rates by another three-quarter of a percentage point—after just doing so in June, marking the most significant rate hike in 22 years—will generate even wider ripple effects throughout the...

As of May 2022, annual inflation hit 8.6%, and the Fed hiked interest rates by .75%, begging questions about the future of CRE and equipment loans. Find out more as we pick apart CRE loans, diving into what business leaders across all branches of industry need to know moving forward. For those looking to expand or even break ground, understanding how inflation and rising rates will affect your CRE and equipment loans is crucial to financial success. Everyone has felt inflation's sting in one way or another. Supply chain issues persist in the waning days of the pandemic; meanwhile, the...

Industry 4.0 Manufacturing Investments to Be Fueled by the 2021 Infrastructure Bill? With the inception of the Infrastructure Investment and Jobs Act, (IIJA) in November 2021, many manufacturing executives are already taking this opportunity to increase operational efficiency by investing in the industrial Internet of Things (IoT) to connect machinery and automate processes. Find out why now is the time to invest in industry 4.0 manufacturing technologies. Read more here. Back in November, Congress passed and President Biden signed the Infrastructure Investment and Jobs Act (IIJA) . This...

American farmers contribute significantly to the overall US GDP annually and figures in this regard highlight just how significant their services are. The last two years, in particular, have seen significant growth as farmers have looked to expand. With this level of growth, however, comes more overheads—particularly in the form of software and tech requirements. Read more here on what you should consider in your growth phase. Americans love to spend on food. According to data from the US Department of Agriculture, agriculture, food, and related industries accounted for $1.055 trillion (or 5%)...

American truckers have, for too long, had to handle crumbling infrastructure while working tirelessly to complete their routes. In November, the White House and Congress finally took action to rectify these conditions by signing the mega-bill Infrastructure Investment and Jobs Act (IIJA) into law. The new bill, which could represent the largest investment in US infrastructure since the 1970s, may prove to be just what the industry needs. The Covid-19 pandemic sidelined many industries—but some, like the trucking industry, simply didn’t have the option to take a break. Traveling hundreds of...