by Pete Zeiser
The Federal Reserve’s recent quarter-point rate cut, the first in over a year, is a welcome signal for business owners. Lower rates can ease the cost of existing loans and make borrowing for new projects more affordable. But what you do next depends on more than just interest rates.
Consider the Full Picture.
While financing costs are improving, product prices remain elevated in many industries, from concrete and steel to lumber. Tariffs are adding pressure to supply chains, and inflation, though moderating, still shapes pricing and investment decisions. At the same time, the real estate market in the Midwest remains steady, and more skilled workers are available than we’ve seen in months. For many, this creates a unique window to act strategically.
It Matters Where You Bank™
This is when a strong relationship with a local banking partner becomes invaluable. Local bankers don’t just understand interest rates, they understand what’s happening in your own backyard. They bring insights from across the regional economy, sharing what peers and other businesses are experiencing so you can make more informed decisions. And because they know your business and your market, they can work alongside you to build a strategy that fits your unique timing and goals.
If you’re considering refinancing, expanding, or taking on a new project, start the conversation with your banker early. Lower rates create opportunity, but the right move depends on your unique circumstances. Partner with your banker now to position your business for what’s next.
Answers provided by Pete Zeiser, President - Chesterfield Commercial at Midwest BankCentre. He can be reached at 314-633-6762 or pzeiser@midwestbankcentre.com.