A business line of credit can have an APR that ranges from 8 percent all the way up to 60 percent or higher. And since lenders aren’t required to display their rates, it’s not possible to pinpoint an average business line of credit rate. What is known is that the best business lines of credit offer the lowest rates to established small business owners with good-to-excellent credit. If you’re a business startup or an owner with poor credit, you’ll have to deal with higher interest rates and fees. You’ll also have to shop around more carefully to get the most affordable line of credit. Here’s a look at some of the current business line of credit rates and some tips to help you find the right line of credit for your business. Top Banking Accounts for February 24, 2023 Fed rate hike incoming Find out what to expect and the effect it’ll have on interest rates here . Thousands of rates checked daily Privacy policy Current business line of credit rates As with any type of financing, terms and interest rates on business lines of credit may vary between lenders and change based on market conditions. Here are […]