Inflation. You’ve seen it at the grocery store, at work, and on every purchase you make.

Unfortunately, inflation is also impacting your business financing options. In fact, lending, financing, and other financial products are also costing more nowadays. For example, rates for home loans are rising after many years.

The best way to get around this is to apply as soon as possible. Once you get a contract in your hand, your rate is stable and cannot change. However, this is not the same as just filling out your application. Even if you’re in the middle of the process, your rate is still variable and can change due to internal and external factors.

This applies to most financial transactions, not just the Hyberg Funding Program. So if you’re sluggish in gathering the last couple of documents you need to get funded or to close your deal it’s worthwhile to get it all in as soon as possible.