The average small business bank loan interest rate ranged from 5.89% to 12.23% in the third quarter of 2023, according to the most recent data from the Federal Reserve[1]. But rates depend on many factors.
Understanding small-business loan costs can put you in a stronger position to choose the best option and save money as a business owner. Here’s what to know about business loan rates and fees.
https://www.nerdwallet.com/article/small-business/small-business-loan-rates-fees