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The interest rate on a business loan can vary depending on the lender, the type of loan, and the creditworthiness of the borrower. Typically, interest rates for business loans range from 5% to 25%. Factors that can affect the interest rate include the size of the loan, the length of the loan term, and the borrower’s credit score and financial history. It is important for businesses to shop around and compare rates from different lenders to find the best deal.
Learning financial topics and understand how it actually impacts you personally can be daunting, but our mobile app makes it easier to understand a variety of effects such as interest rates, inflation and taxation on your long-term savings.
Download our app and start gaining insight into your current and future finances.
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