Interest Rate Comparison Chart
An interactive chart comparing average interest rates, terms, amounts, and approval timelines for 9 business financing products from SBA loans to merchant cash advances.
Compare typical interest rates, terms, and requirements across 9 business financing products. Rates shown are industry averages and vary by lender and borrower profile.
Hover or tap any row for details. Sort by rate, product name, approval speed, or credit requirement.
Rate Ranges at a Glance
| Product | Typical Rate | Term Range | Loan Amount | Approval | Credit Min |
|---|---|---|---|---|---|
SBA 504 Loan For real estate and major equipment. Fixed rate through CDC portion. | 5.5 - 6.5% | 10 years - 25 years | $125,000 - $5,500,000 | 4 - 10 weeks | 680+ |
SBA 7(a) Loan Lowest rates for qualified borrowers. Government-guaranteed. More paperwork. | 8 - 11% | 5 years - 25 years | $30,000 - $5,000,000 | 2 - 8 weeks | 680+ |
Bank Term Loan Traditional lending with competitive rates. Requires strong financials. | 8 - 13% | 1 year - 10 years | $50,000 - $10,000,000 | 1 - 4 weeks | 680+ |
Equipment Financing Equipment serves as collateral, lowering rates and easing approval. | 8 - 14% | 1 year - 7 years | $10,000 - $5,000,000 | 1 - 5 days | 600+ |
Business Line of Credit Draw funds as needed, pay interest only on what you use. | 10 - 20% | Revolving | $10,000 - $1,000,000 | 1 - 7 days | 600+ |
Asset-Based Lending Loan amount based on asset value. Good for businesses with strong assets. | 10 - 15% | 1 year - 3 years | $100,000 - $50,000,000 | 2 - 4 weeks | 600+ |
Online Term Loan Fast approval, more flexible requirements. Higher rates than banks. | 12 - 25% | 6 months - 5 years | $10,000 - $500,000 | 1 - 3 days | 580+ |
Invoice Factoring Based on customer creditworthiness, not yours. B2B businesses. | 1 - 3% per invoice | Per invoice | $10,000 - $10,000,000 | 2 - 5 days | 500+ |
Merchant Cash Advance Fastest to fund. Daily or weekly revenue holdback. Very expensive. | 1.2 - 1.5 factor | 3 months - 18 months | $5,000 - $500,000 | 1 - 2 days | 500+ |
Rates shown are industry averages and vary by lender, borrower qualifications, loan size, and market conditions. Actual rates may be higher or lower. Factor rates for MCAs are shown as APR equivalents for comparison.
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These are averages. Your actual rate depends on your business profile. Get a personalized quote with no impact to your credit score.
Business Loan Rates: What to Expect
Interest rates vary widely depending on the type of financing, the lender, and your business profile. SBA loans start as low as 6%, while merchant cash advances can exceed 100% APR equivalent. The chart above shows typical ranges, but your actual rate depends on factors like credit score, time in business, revenue, industry, and the loan amount. Stronger profiles get lower rates. Weaker profiles pay more, but still have options.
Why Rates Vary So Much
Lenders price risk. The safer the loan (lower chance of default), the lower the rate. SBA loans are guaranteed by the government, so banks can offer low rates. Equipment loans use the equipment as collateral. Unsecured online loans carry more risk for the lender, so they charge more. MCAs are the riskiest product for the provider, which is why they are the most expensive. Your credit score, cash flow history, and collateral all affect where you land within each range.
Rate vs Total Cost
A lower rate does not always mean a lower total cost. A 10% rate over 5 years costs more in total interest than a 15% rate over 2 years, even though the monthly payment is lower. Factor in origination fees, closing costs, and other charges. Use our total cost of capital calculator to compare the all-in cost of different options, or the loan payment calculator to see how rates affect monthly payments.
Getting the Best Rate for Your Business
The best way to get a competitive rate is to improve your credit score, show consistent revenue, reduce existing debt, and have organized financial documentation. Then compare offers from multiple lenders. Rates for the same loan can vary by 5 to 10 percentage points between lenders. Our loan comparison tool lets you put offers side by side. Or talk to a funding specialist who can match you with lenders offering the best rates for your profile, with no impact to your credit score.
How It Works
Browse the Chart
See rate ranges for 9 business financing products displayed as a visual comparison chart.
Sort and Compare
Sort by lowest rate, fastest approval, credit requirement, or alphabetically to find what matters most to you.
Read the Details
Each product row shows typical rates, terms, amounts, approval speed, credit minimums, and key notes.
What You Get
Visual Rate Comparison
A bar chart showing rate ranges side by side so you can spot the cheapest and most expensive options at a glance.
9 Product Types Compared
SBA loans, bank term loans, online lenders, lines of credit, equipment financing, factoring, MCAs, and more.
Sortable Table
Sort by rate, approval speed, or credit score to quickly find the products that fit your priorities.
Approval Speed Estimates
See how long each product typically takes from application to funding.
Credit Score Minimums
Color-coded credit requirements so you can filter to products you are likely to qualify for.
Amount and Term Ranges
Loan amounts and term lengths for each product type, from $5,000 microloans to $50M asset-based facilities.
Interest Rate Comparison Chart: Frequently Asked Questions
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Our calculators give you estimates. Our funding specialists give you real offers tailored to your business.
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