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.
SBA 7A loans can be used for a variety of purposes, while CDC / 504 loans are specifically for the purchase of real estate. August 2016 Maximum interest rates on SBA 7A Loans range from 5.75 % to 8.25 %.