What are the key factors to consider when deciding between a small business loan from a bank with a variable or fixed interest rate?

When deciding between a small business loan with a variable or fixed interest rate, key factors to consider include the current interest rate environment, your risk tolerance, the potential impact on your cash flow, and the length of time you plan to hold the loan. Variable rates can fluctuate with market conditions, while fixed rates offer stability but may be higher initially. Assess your financial situation and goals to determine which option aligns best with your needs.