AAY retains its low USD interest rate until December 2018. Once again the Federal Reserve increased the interest rate for all borrowers. This change will effect many who have or who are seeking commercial loans, mortgages, business finance and refinancing.
The decision taken by the AAY Board to hold the low interest rates will allow new business borrowing to take the benefit of obtaining financing at a saving. This of course is great news.
For those who are currently seeking funding we recommended that they begin their submission of applications as soon as possible to ensure they are accepted and within AAY’ s system prior to the December cut off date.