The WSJ writes ‘Unlike banks, online lenders don’t lend from deposits that are directly affected by the Fed’s core benchmark rates. The raise could be felt, however, in the form of investors’ expectations of higher yields on their investments, or if banks increased the rates on credit facilities the lending platforms use to buy the loans before packaging them into smaller slices and reselling them.”
Thanks to your mouse and the growth of many online services you still have lots of options to access capital needed for your business but that capital will now cost a bit more.
I suggest you work with your CFO and audit your loans. Then explore what options you have to get the best rates on your loans.