Many businesses choose to borrow money to finance expensive purchases, invest in growth or improve their cash flow. However, borrowing comes at a cost. To know whether borrowing money will benefit your company, you should know what average business loan interest rates look like.
With good or excellent credit, you could see interest rates as low as 6 percent to 7 percent.
Knowing typical rates will also help you spot a bad deal and give you more information to use when shopping around.
https://www.bankrate.com/loans/small-business/average-business-loan-rates/