As a business owner, understanding current financing costs is crucial for making informed decisions. At CentsIQ Bookkeeping, we regularly monitor market conditions to provide our clients with valuable insights. Here’s our latest analysis of business interest rates as of April 21, 2025:
Current Business Loan Rates
SBA Loans (Above $150,000) 📊
Prime + 2.75%
Best option for established businesses seeking substantial funding
SBA Loans (Below $150,000) 📝
Prime + 6.25%
Suitable for smaller projects with government backing
Term Loans 📈
Prime + 10.75%
Fixed-term financing with predictable repayment schedules
Business Lines of Credit 💳
Prime + 12.75%
Flexible funding option for managing cash flow fluctuations
Merchant Cash Advances
Average Factor Rate: 1.3
Short-term option with higher costs but faster approval
This information reflects current market conditions as observed through our client portfolio. Rates may vary based on business creditworthiness, industry, time in business, and other factors unique to your situation.
Disclaimer: This information is provided for educational purposes only and does not constitute a loan offer or financial advice. CentsIQ is not a licensed loan broker or lender.
