We live in a city that has many nicknames and let's face it, with everything that happens here, it's pretty easy to come up with new nicknames.
We found that interest rates for small business loans from banks generally range between 6 and 13 percent, depending on the size of the loan and the risk factor of your business. No matter the size of your business, thereâs always interest rates on loans. This is so the bank earn a profit and cover their overhead.
Because private lenders can set their own rates according to their own underwriting standards, the average student loan interest rate is based on a wide range. Private student loans tend to have higher interest rates than federal loans, with the industry average around 9%-12%. Even so, the best private student loan servicers offer interest rates as low as 1.9% for borrowers with good credit. You can check out a list of the best private lenders here.