Small Business Loan Rates Calculator
A loan that fits your small business. Prospa, Australia's #1 online lender to small business, understands that growth opportunities and unexpected challenges.
Whether you have good, average or bad credit, our free tool helps you find the best business loans. Apply for funds up to $2.5 million and rates as low as 6%.
The average interest rate on a conventional small business loan is around 4% to 6%. That said, interest rates will vary across lenders, with banks typically offering lower rates than alternative or online lenders.
the maximum interest rate for 7A loans ranges between 5.75 percent and 8.25 percent. The range for CDC/504 loans is from 3.04 percent to 3.56 percent, and that includes the fees. These numbers are consistent with loans made by traditional commercial lenders.
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