Business loan rates and fees: what lenders publish (2026)
Edited by Moe Ameen · Published
Most online lenders don't publish a rate until you apply. Of the 10 products we checked, OnDeck publishes averages (53.2% APR on term loans and 59.8% on lines of credit), Bluevine a starting rate of 7.8%, and Credibly a factor rate from 1.11 plus a 2.5% fee. NerdWallet puts online term loans at 14% to 99% APR. A factor rate isn't an APR: 1.11 repaid over six months works out to about 41%.
Key takeaways
- Compare offers by APR. It counts fees as well as interest.
- OnDeck's averages for the first half of 2026: 53.2% APR on term loans, 59.8% on lines of credit.
- Origination fees run 1% to 5% in most cases, per NerdWallet. OnDeck publishes 0% to 4% and Credibly 2.5%.
- With a factor rate you usually owe the whole fee even if you repay early.
- SBA 7(a) rates are capped by regulation; online lender rates aren't.
What are typical business loan interest rates?
It depends on the product. NerdWallet puts bank loans at about 6.4% to 11%, online term loans at 14% to 99% APR and cash advances at 40% to 350%.
| Loan type | Approximate rate |
|---|---|
| Bank small business loan | 6.37% to 10.98% |
| Online term loan | 14% to 99% APR |
| Business line of credit | 10% to 99% APR |
| Equipment financing | 4% to 45% APR |
| Merchant cash advance | 40% to 350% APR |
SBA loans are the exception, because the SBA caps what lenders can charge. Today's ceilings are on SBA loan rates.
Which lenders publish their rates?
Few do. Of the 10 products we checked, only OnDeck, Bluevine, Credibly and the two SBA programs put a rate, range or cap in writing.
OnDeck publishes average APRs for loans made in the first half of 2026 [7]. Bluevine publishes a rate "as low as 7.8%" and says the lowest rates go to applicants with the strongest credit profiles [2]. Credibly publishes a factor rate as low as 1.11 [3]. Biz2Credit, Kapitus, National Funding and Fora Financial don't publish a rate on the pages we read. The full table is below.
How much are business loan origination fees?
NerdWallet says 1% to 5% of the loan in most cases and up to 10%. Banks tend to sit at the low end and online lenders at the high end.
NerdWallet estimates 0.5% to 1% at conventional banks and 1% to 10% at online lenders [14]. On lenders' own pages, OnDeck lists 0% to 4% on term loans and no origination fee on its line of credit [8][7], and Credibly says most deals include 2.5% [3]. The CFPB notes that the interest rate leaves fees out, while the APR includes them [15].
How do you convert a factor rate to an APR?
Multiply the amount by the factor rate to get the total repaid, then find the yearly rate those payments imply. Shorter terms mean higher APRs.
NerdWallet puts typical factor rates at 1.1 to 1.5 [12]; Bankrate says 1.10 to 2 [13]. Both say the same thing about the math: funding amount × factor rate = total repaid, and the fee applies to the original amount, not the falling balance [12][13]. Credibly's own example is $50,000 at 1.11, or $55,500 back [3].
The APR depends on how fast you repay. Our table below spreads that $55,500 over equal weekly payments. Repaying in six months works out to about 41% APR, and over two years about 10.5%.
Can you save money by paying a business loan off early?
On an interest-rate loan, usually yes. On a factor-rate deal, usually not, because the whole fee is set on day one. Some lenders offer a discount.
Bankrate says you owe the entire factor-rate fee even if you pay early, though some lenders discount early repayment [13]. National Funding says it may offer an early payoff discount and tells you before funding [6]. OnDeck says its line of credit has no prepayment penalty, but on both products you may still owe some unpaid interest under the agreement [7][8]. SBA microloans run up to seven years at rates the SBA says are generally 8% to 13% [10].
Glisten data
What 10 lending products publish about price
| Lender and product | Rate | Fees | Early payoff | Term |
|---|---|---|---|---|
| Biz2Credit: Term loan [1] | Not published ("rates vary by profile") | Not published | Not published | 3 months to 5 years |
| Bluevine: Line of credit [2] | As low as 7.8%, for the strongest credit profiles | No maintenance fees; $15 for a wire, ACH free | Not published | Weekly or monthly repayment |
| Credibly: Working capital [3] | Factor rate as low as 1.11 | 2.5% origination fee on most deals | Not published | 6 to 24 months, daily or weekly payments |
| Fora Financial: Business loan or revenue advance [4] | Not published | No application fees or upfront costs | Not published | Not published |
| Kapitus: Business loan [5] | Not published (set in underwriting) | Not published | Not published | 6 to 24 months; daily, weekly or monthly payments |
| National Funding: Small business loan [6] | Not published | Not published | May offer an early payoff discount, disclosed before funding | 4 to 24 months (working capital), daily or weekly |
| OnDeck: Line of credit [7] | Average 59.8% APR (lines opened Jan to Jun 2026) | No origination, monthly or draw fees | No prepayment penalty; unpaid interest may still be owed per the agreement | 12, 18 or 24 months |
| OnDeck: Term loan [8] | Average 53.2% APR (loans made Jan to Jun 2026) | Origination fee of 0% to 4% | A portion of unpaid interest may still be owed, per the agreement | Not published |
| SBA: 7(a) loan (program rules) [9] | Capped: prime + 3 to 6.5 points variable, prime + 5 to 8 fixed | Upfront guaranty fee, which the lender may pass on to you | Terms of 15+ years: 5%, 3% or 1% of the amount when you prepay 25% or more in years 1 to 3 | Up to 10 years; up to 25 for real estate |
| SBA: Microloan (program rules) [10] | Generally 8% to 13%, set by the intermediary lender | Not published | Not published | Up to 7 years |
| Repaid over | Weekly payment | APR, no fee | APR with 2.5% fee |
|---|---|---|---|
| 6 months (26 weeks) | $2,134.62 | 41.0% | 51.2% |
| 12 months (52 weeks) | $1,067.31 | 20.9% | 26.1% |
| 18 months (78 weeks) | $711.54 | 14.0% | 17.5% |
| 24 months (104 weeks) | $533.65 | 10.5% | 13.2% |
Is this right for you?
Best for
- Seeing what lenders put in writing about price before you apply.
- Turning a factor-rate quote into an APR you can compare.
Not ideal for
- Predicting your own rate. Lenders price each file, and most don't publish rates.
- Ranking lenders. We list them alphabetically and don't pick one.
Frequently asked questions
What is a good interest rate on a business loan?
It depends on the product. NerdWallet puts bank loans near 6.4% to 11% and online term loans at 14% to 99% APR [11].
Is a factor rate of 1.2 the same as 20% interest?
No. The 20% is charged on the full amount for the whole term, so the APR is usually much higher on a short deal [12][13].
What is OnDeck's interest rate?
OnDeck reports an average of 53.2% APR on term loans and 59.8% on lines of credit for the first half of 2026 [7].
How we know this
On October 29, 2026 we read the rate, fee and FAQ pages of each lender in our table, plus the SBA's 7(a) and microloan pages. We used only what each lender says on its own site. We checked general claims about rate ranges, origination fees and factor rates against NerdWallet, Bankrate and the CFPB. The factor-rate APRs are our arithmetic.
- term loan, Biz2Credit. Checked October 29, 2026.
- line of credit, Bluevine. Checked October 29, 2026.
- working capital, Credibly. Checked October 29, 2026.
- requirements, Fora Financial. Checked October 29, 2026.
- business loan, Kapitus. Checked October 29, 2026.
- small business loans, National Funding. Checked October 29, 2026.
- line of credit, OnDeck. Checked October 29, 2026.
- FAQ, OnDeck. Checked October 29, 2026.
- 7(a) terms and conditions, SBA. Checked October 29, 2026.
- microloans, SBA. Checked October 29, 2026.
- Average business loan rates, NerdWallet. Checked October 29, 2026.
- What is a factor rate and how do you calculate it?, NerdWallet. Checked October 29, 2026.
- What is a factor rate and how to calculate it, Bankrate. Checked October 29, 2026.
- Business loan origination fee: definition and cost, NerdWallet. Checked October 29, 2026.
- What is the difference between a mortgage interest rate and an APR?, Consumer Financial Protection Bureau. Checked October 29, 2026.