The SBA always shows maximum rates. In the past I have done SBA loans at five year fixed rates at he current prime or slightly higher. I assume we can still do these.
Is that right?
Hi, Louis, and thanks for the question. Based on our research and the experience of our experts, SBA loan rates typically start right around prime rate and can go up to 4 – 5% higher than prime. However, your interest rate or even your ability to qualify for largely come down to creditworthiness and your ability to provide a cash injection as a down payment.
For more information on current interest rates, be sure to check out our article on SBA loan rates – it’s updated regularly to reflect changes in interest rates.