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There are many variables that factor into the interest rate of a loan. For instance, the interest rate on a loan below $100,000 is actually higher than that on a loan over $100,000. Expect an interest rate between 7-9%.

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12y ago

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Are small business loans from the bank typically offered as fixed or variable interest rates?

Small business loans from banks are typically offered with fixed interest rates, meaning the interest rate remains the same throughout the life of the loan.


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Business News reports the loan rate for a small business under $100,000 is currently 8.38%. Over $100,000 borrowed carries an interest rate of 7.59%. Be advised that interest rates are subject to change on a daily basis.


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Is it possible to get multiple small business grants, and are there any fees involved?

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