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Costs of debt and business loans are ‘going to go up’ for small businesses

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COSBOA CEO Alexi Boyd says with interest rates increasing, small businesses will see the costs of debt and business loans going up.

Ms Boyd said this means they will have to question whether or not to put their prices up or “make other impediments to their growth”.

“Like maybe constricting their working hours, or perhaps not employing as many people,” she told Sky News Business Editor Ross Greenwood.

 

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ScottMorrisonMP Thanks for 3 years of nothing abc730 SmirkAndMirrors

Really,all promoted and supported by the corrupt Murdoch media.

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 /  🏆 7. in JP

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