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After a slow start in the early '90s, the debt markets
came roaring back for medium-sized businesses by the close of 1996.
They then actually expanded through the latter part of 2000. As
a result, most credit-worthy businesses during that period were
regularly solicited by a variety of banks and sometimes other lenders
eager to promote "easy credit" and their "competitive"
rates. From 2001 to 2003, the debt markets were quite restrictive
for most medium-sized companies. Since 2004, the debt markets have
eased and interest rates have been at historic lows. In 2005, the
Federal Reserve is increasing interest rates, but the cost of credit
is still at low levels relative to the past 25 years.
For more information on lowering the cost of borrowing
click here.
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