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b'This is Derek Miller Speaking on Business. With interest rates starting to move up, it\\u2019s important for companies to connect with their lenders. Wells Fargo Utah Commercial Banking Market Executive Nate Callister has 20 years of experience and is here with three recommendations.\\n\\nNATE CALLISTER\\n\\nBusinesses across the state are accelerating their capital needs now to take advantage of current rates. That\\u2019s smart. It\\u2019s important to be proactive and get ahead of rate increases, but there are other factors to evaluate.\\n\\nFirst, consider the big picture. Today\\u2019s rates remain historically low and borrower friendly. Although more increases are anticipated this year, they are expected to be gradual and remain modest. \\n\\nSecondly, avoid knee jerk borrowing. If you have specific borrowing needs, now\\u2019s the time to lock it in. However, if you don\\u2019t need the capital, don\\u2019t borrow just to take advantage of low rates. \\n\\nFinally, remember that it\\u2019s not all or nothing. Depending on what makes sense for your business, you might acquire capital now to fund projects at the current rate, and plan to borrow more later as the need arises. We\\u2019re here to help, so Google \\u201cWells Fargo Commercial Banking\\u201d for more.\\n\\nDEREK MILLER\\n\\nA good lender will help ensure that your company\\u2019s financial future is deliberate and well planned, so consider making bankers, like those at Wells Fargo, a part of your \\u201cbusiness brain trust,\\u201d along with your attorney and accountant. I\\u2019m Derek Miller with the Salt Lake Chamber, Speaking on Business.\\n\\nOriginally Aired: May 11, 2022'