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Business loan average interest rate

Business loan average interest rate

The Average Interest Rate for Small Business Loans | Chron.com


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The most recent average interest rate (as of 6/05/13) for a home equity loan is 6.09%. Let it be noted that this rate changes every minute, hour, day, and month.

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The average interest rates for business loans depend on many factors, such as the amount of risk involved in the project being financed by the loan.

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Bank interest rates for similar loans average 4.5% to 6%. but only for businesses that qualify for Small Business Administration guarantees.

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Prime Interest Rate


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Average Interest Rate For Loan Having a portion of equity in a business greatly increases your chances of being approved for any business loan.

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Best Answer: There really is no "average". The interest rate on a loan that a business can get is heavily dependent on the creditworthiness of the business

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