If you’ve done your homework on the various small business loan options, you’ve probably figured out by now that obtaining financing through one of the U.S. Small Business Administration’s various loan programs—typically called SBA loans—is very often the best deal you can get.
With a little more research, however, you may also have seen that the makeup of the interest rate on SBA loans is slightly more complex than for loans obtained through a traditional lender. So, how exactly do the interest rates work for SBA loans, and how can you predict what your interest rate will be? Let’s learn a little bit more about exactly how SBA loans work. (more…)