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 average loans rates are the first place to look for potential interest on the new debt. Loan Interest Basics: Anyone who is considering a consolidation loan needs to understand the basics of the loan rates. The loan rates are variable based on a wide range of factors.