When seeking a business loan, the interest rate plays a major role in determining the cost of the loan and its affordability. Business loan interest rates are influenced by various factors, including the lender, loan amount, business type, and your credit history. In this blog, we’ll take a detailed look at how these interest rates are set, how they affect your loan repayments, and how to compare different loan offers. Whether you’re looking for short-term working capital or long-term growth financing, understanding the impact of interest rates will help you make the best choice for your busi