Small business owners settling in for inflation ‘long haul’ as new data expected Tues.
WEWS: Michael Goldberg, associate professor of design and innovation at Weatherhead School of Management, said that consecutive increases to interest rates have made borrowing substantially more expensive, and consumers have felt the pain in their pocketbooks. “Those of us that have credit card debt know that very well. The price of borrowing is higher in a higher interest rate environment. It is more expensive for small business owners to access capital,” he said.