COVID-19 Resource Center

John Cromie Quoted in Article on How Businesses Are Surviving Interest Rate Increase

NJBIZ
08.18.2022
Print PDF

John Cromie, Chair of Connell Foley’s Corporate and Business Law Group, was quoted August 8, 2022 in an NJBIZ article entitled "A tailored response: As interest rates rise, bankers weigh in on the lending landscape." John talks about companies attempting to manage credit risk by converting their outstanding credit lines or variable-rate loans to a fixed-term loan. As he explains, “More businesses are reevaluating their capital needs and are trying to lock in lower-rate loans.”

To read the full article, please click here.

Attorneys

Back to Page