Are bank business loan interest rates usually lower when they're fixed or variable?
I recently received a $145K business loan at 9.5% at a fixed rate. My banker told me that a variable rate would be about 2 points higher. I thought it would be the opposite because home loan rates are usually lower when the loan is a variable rate.
It will always depend on the interest rate fluctuation set by the Federal Revenue Dept. The interest rates may be higher than fixed at the time of getting the loan. Other factors are a persons credit score and the bank the loan was borrowed.
loan interest rates business
business loan interest rates and terms
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Business Loan Interest Rates #Business #interest
business loan interest rates and terms
RT @: business loan interest rates and terms
Low interest rates don't help small business at all. Particularly as the banks are so risk averse atm you can't get a loan anyway.







The BOJ also upgraded its economic assessment, citing better household and business sentiment in the aftermath of the March 11 earthquake disaster, while launching yet another low-interest loan program for commercial banks to help boost Japan's growth




