Small business loan rates vary from institution to institution. If you’re in the market for a small business loan, rates should be of high importance. Shop around and investigate what various lenders have on offer. Ask if there are any ways to improve your rate, such as providing collateral, having someone co-sign, or agreeing to have the lender review certain aspects of your business.
Be sure to check with local government programs. In some areas, small business programs help entrepreneurs secure loans at special rates, when regular lenders might not even lend money. Of course, you’ll have to meet conditions, which might even include paying for business coaching. Look around and see what the best options are for your business — and your life.