Understanding Business Loan Interest Rates: What to Expect

Business loan interest rates vary based on factors like loan type, lender, and borrower’s creditworthiness. These rates determine the cost of borrowing and are crucial for any business considering a loan. Interest rates can range from 4% to 25%, depending on the lender and loan product.

Traditional banks generally offer lower interest rates, around 5% to 10%, for businesses with strong credit and financials.
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