What Are Interest Rates For Affordable Small Business Loans?
This post originally appeared on the blog of our partner, CDC Small Business Finance.
If you’re on the hunt for a small business loan, how much you’ll pay in interest for affordable financing depends on several financial moving parts, from your credit score to the type of lender you work with.
Instead of going to a traditional bank, you can opt to get a business loan through a community-based lender where loan requirements are not as strict and rates are affordable. Interest rates vary from community lender to community lender. At CDC Small Business Finance, as of May 2019, expect rates to generally start at 8.25% and go even lower in very specific cases.
Here’s a breakdown of the loan programs we offer in California, Nevada and Arizona, and the general rates to expect.