Updated 2026 · All Products · Soft-Pull Quotes
Current business loan rates, by product.
Business loan rates depend on three things: product, credit tier, and competing offers. Below are current 2026 ranges across every funding product Summit places — from SBA 7(a) at Prime + 1.5% to MCAs at 1.49 factor. Soft-pull pre-qualification returns actual numbers for your file in under 4 minutes.
- SBA 7(a)
- 9.5 – 11.5%
- Term Loan
- 7.99 – 29.99%
- Line of Credit
- 8.49 – 60%
- Equipment
- 6.99 – 18%
Your options
Business loan rates, by product.
SBA 7(a) Loan
9.5 – 11.5% APRPrime + 1.5–3%
Government-guaranteed. Best price for established businesses with full documentation.
Conventional Term Loan
7.99 – 29.99% APR1–5 yr term
Bank and online term loans. A-paper closer to 8%, B/C paper 18–30%.
Business Line of Credit
8.49 – 60% APRRevolving
Unsecured lines 12–60%, asset-based 8–14%, SBA lines Prime + 1.5–3%.
Merchant Cash Advance
1.15 – 1.49 factor≈30–80% APR
Speed product. Cost reflects same-day funding, no FICO floor, and revenue-only underwriting.
Equipment Financing
6.99 – 18% APR3–10 yr term
Asset-secured. Lowest pricing in the non-SBA tier for businesses with strong revenue.
CRE / Bridge
8 – 14% APR6–36 mo
Short-term real estate debt. Priced over SOFR for bridge, fixed for stabilized term.
FAQ
Business loan rates, answered.
What are current business loan interest rates?
Rates vary by product, credit, and size. SBA 7(a) runs 9.5–11.5% (Prime + 1.5–3%). Conventional term loans run 7.99–29.99% APR. Business lines of credit run 8.49–60% APR. MCAs run 1.15–1.49 factor (≈30–80% APR). Equipment financing runs 6.99–18%. Real estate / bridge runs 8–14%.
What's a good interest rate for a business loan?
Anything at or below the median for your product and credit tier. For an A-paper borrower (FICO 720+, 3+ years operating), 'good' is sub-10% on a term loan and sub-13% on a line of credit. For a B/C-paper borrower, 'good' is competitive with the second-best offer Summit collects on your file — never the first offer.
Why are business loan rates so high?
Three drivers: the federal funds rate (which pushes Prime), the lender's cost of capital, and your specific risk profile (credit, time in business, industry, debt service coverage). Alternative and online lenders price higher because they fund deals banks decline — speed and access to capital cost more than discipline.
How do I get the lowest business loan rate?
Strengthen four levers: FICO 720+, 3+ years of consistent profitability, debt service coverage ratio above 1.25x, and a real collateral package (real estate, AR, equipment). Then route the file through a broker like Summit that puts 5+ lenders in competition rather than accepting the first soft pull.
Are business loan rates negotiable?
Yes — but only when you have leverage. Two real offers from comparable lenders is leverage. One offer and a desperate timeline is not. Summit collects multiple bids before pushing for rate, fee, and term reductions, and we share competing offer documentation as proof.
What's the difference between rate and APR?
Interest rate is the cost of the principal only. APR includes the rate plus origination fees, closing costs, and recurring charges expressed as an annualized rate. Always compare APR-to-APR — a 9% rate with 5% fees is more expensive than a 10% rate with no fees.
See your actual rate on a soft pull.
Soft-pull pre-qualification. No obligation. Same-day decisions on revenue-based products.