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Compare Loans Rates
Rates shown are for illustration. Click to see actual rates from our partners.
| Lender | Rate (APR) | Monthly Payment | Fees | |
|---|---|---|---|---|
| A LendFirst Bank | 6.25% | $1,847 | $2,100 | View Offer |
| B QuickRate Financial | 6.50% | $1,896 | $1,800 | View Offer |
| C HomeSecure Lending | 6.75% | $1,946 | $1,500 | View Offer |
Types of Business Loans and Their Rates
SBA Loans vs Conventional Business Loans
How Lenders Evaluate Business Loan Applications
Calculating the True Cost of Business Financing
Frequently Asked Questions
Business loan rates vary widely: SBA loans range from 5%–10%, traditional bank loans from 6%–13%, and online lenders from 7%–30%+. Your rate depends on business revenue, credit score, time in business, and the loan type.
SBA loans are partially guaranteed by the government, resulting in lower rates and longer terms. However, they require more documentation and take longer to fund (30–90 days vs 1–7 days for online lenders). SBA 7(a) loans go up to $5 million.
Most lenders require at least 2 years in business, $100,000+ in annual revenue, a personal credit score above 650, and a business plan or financial statements. SBA loans have additional requirements including collateral for larger amounts.
Yes, interest on business loans is generally tax deductible as a business expense, reducing your effective borrowing cost. If you are in the 24% tax bracket, a 9% loan effectively costs about 6.84% after the tax deduction.