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What are typical commercial loan rates?

What are typical commercial loan rates?

Rates vary significantly based on borrower and business credit scores, industry, balance sheets and more. Still, commercial loan rates tend to range between 2.75 and 8 percent over “prime.” If prime rate is 4%, then borrowers with the best scores and profile and a 7a SBA loan can get a business property loan for 6.75%. Other borrowers who don’t qualify for SBA loans can pay 12 percent or more.

 

 

 


First Financial

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