Small Business Feeling Interest Rates

Small Businesses are beginning to feel the effects of interest rate increases, according this report from the AP (via Law and Entrepreneurship).
“While $2-a-gallon gasoline grabs plenty of media attention today, small businesses are well aware of another source of rising costs the upward creep of interest rates. Owners say they’ve been feeling the effects of rising rates in the nearly 10 months since the Federal Reserve began nudging rates higher.”