When it comes to commercial loan rates, things vary dramatically based on numerous factors. Some businesses are not able to qualify for loans, as they have not been in business too long or that the owner's credit score is poor.
Many banks look at credit as primary factor when determining commercial loan rates for small businesses. Additionally they look at things like how long the business has been around. The downside of this is, small business owners without a FICO score of 700, may have a challenging time getting capital when they need it. You can get more information on factors that impact loan rates on loancompute.
Many banks look at credit as primary factor when determining commercial loan rates for small businesses. Additionally they look at things like how long the business has been around. The downside of this is, small business owners without a FICO score of 700, may have a challenging time getting capital when they need it. You can get more information on factors that impact loan rates on loancompute.