We live in a city that has many nicknames and let's face it, with everything that happens here, it's pretty easy to come up with new nicknames.
We found that interest rates for small business loans from banks generally range between 6 and 13 percent, depending on the size of the loan and the risk factor of your business. No matter the size of your business, thereâs always interest rates on loans. This is so the bank earn a profit and cover their overhead.
Current SBA 7(a) loan interest rates as of June 2017. Keeping up on the Small Business Administrationâs terms and rates is part of a smart approach to finding a business loan.