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.
Interest rate â from 5 per cent to 20 per cent. Everyone wants a personal loan with a low interest rate, but itâs worth keeping in mind that low-interest loans are more likely to have more specific lending criteria for you to fulfil.