What Is A Typical Small Business Loan Interest Rate?
What is a typical small business loan interest rate? Tips on typical small business loan interest rates. If you get an SBA loan it is a prime rate plus two or three-quarter percent. Now there are fees involved...
If you get an SBA loan it is a prime rate plus two or three-quarter percent. Now there are fees involved also. The small business loan interests do vary. Fees are up to the banks and I don't really know exactly what they charge. I know the SBA has a fee which they use as back up for bad loans. I think it is .5 or 1%.
