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.
The interest rate on (federal) consolidation loans is an average of the interest rates on the (federal) loans you're consolidating, says Ken O'Connor, director of student advocacy for Fynanz, a New York City firm providing technology for the private student loan market.