Get information on the current prime lending rate for business decisions

Businesses need a way to judge the rates that banks offer and what better than a check on the bank prime rate. There are several services that bring the prime rate to businesses. These offer daily updates so you're always aware of the best price.

I recommend: Bloomberg provides information about prime rate and other statistics, not only for the U.S., but also internationally. They state the LIBOR, stock indices and other financial data as well. Dow Jones & Company brings the Wall Street Journal online and, with it, the rate normally quoted when other companies offer prime rate information.

Check prime rate listings whether you're a depositor or borrower

There are services that find the best bank to lend or the best rate for deposits. These services are for businesses both large and small and make the money work harder for your company.

I recommend: HSH™ Associates, Financial Publishers offers consumer loan information and include the prime rate as part of the package. They also include information for lenders. William J. Rhind and Associates offers a deposit service that tracks prime and finds the best place to deposit business assets for the highest return.

Find service that sets rates for prime rate lenders

A prime rate quote, federal funds rate, federal discount rate and forecast of these rates are important when setting a lending rate. Lenders need both the forecast and present rate to adjust their rate for a profit. It's important to have the right information so you bring in business and not give money away.

I recommend: Bankrate offers information not only about the prime lending rate but also the Federal Discount Rate, Fed Funds Rate and 11th District Cost of Funds. Financial Forecast Center specializes in both the creation and publication of forecasts of all things related to money such as the forecast of federal prime rate.