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Small Business Owners Optimistic About Interest Rates

Written by Abraham Galvan on August 6, 2024

Small business borrowers look for deeper relationship

Miami-Dade County small business owners are seeing some relief and are optimistic about the prospects of interest rates, according to local lending experts.

A recent Federal Reserve meeting had a stronger hint towards possible rate cuts in September, which will be seen more in mortgage rates, but small business owners will start to see those same signs, said Frank Gallo, the senior commercial leader of Tropical Financial Credit Union.

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