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Compare interest rates and learn what lenders use to determine how. This article tells you the average rates for small business loans by type.
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What interest rates are typical for large business loans. – The rate of interest is subject to your credit score if you apply for the business loan as an individual. With a high credit score, the loan amount you will be eligible for will be higher and the rate of interest charged will be lower.
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Average Interest Rate APR for Small Business Loans – Installment Business Loan – APR 5-9%, lower interest rates are for larger total loan amounts. SBA Small Business Administration loans range from 3.83% – 4.56%. The bank lender cannot charge more than the prime interest rate plus 2.25% for a loan due and payable in less than seven years.
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