Understanding interest rates can help you select the best loan option for your business. Learn more about current business loan rates and how they could impact your business in this article.
Key takeaways
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The average business loan interest rate ranges from around 7.2% for fixed-rate term loans to 7.8% for variable-rate loans.
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Business loan rates vary widely depending on the loan type, the lender and the business applying for financing.
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Interest rates affect the size of your loan payments and the total cost of the loan, both of which can impact your cash flow and potential business growth.
What are business loan rates & how are they…
