What are average business loan interest rates right now?
The WSJ Prime Rate has held at 7.50% since mid-2025, keeping the whole market steady. Averages tell you the landscape; they don't tell you your rate. The gap between an average rate and your best available rate can be thousands of dollars a year, which is why Quordx Capital makes 50+ lenders compete for your deal.
Last updated · Reviewed by Cody Dreis
50+ Lenders|Funding in as little as 24 hours
Current rates by product, June 2026
Bank term loans: Q4 2025 Fed data puts medians around 7.2% fixed and 7.8% variable. **SBA 7(a):** variable caps scale by size: Prime + 3.0% on loans over $350K (10.5%), up to Prime + 6.5% on loans of $50K or less (14.0%). **SBA 504:** fixed for the life of the loan; the May 2026 debenture priced at 4.82%, with effective rates typically 5-7%. **Equipment financing:** commonly about 7%-20% depending on credit, the equipment, and term. **Merchant cash advances** don't use interest rates at all: factor rates typically run 1.15-1.50, so a $50K advance at 1.30 repays $65K regardless of speed. Your placement within each range comes down to credit, revenue, time in business, and how many lenders are bidding.
Getting below average for your tier
SBA loans: The most reliable below-bank-alternative pricing for qualified borrowers. Best if you can run a longer process.
Business term loans: Pricing spans the widest range, so lender selection matters most here. Best for fixed, predictable payments.
Equipment financing: Collateral keeps rates in the ~7%-20% band even for moderate credit. Best for asset purchases.
How Quordx Capital Works
Rather than applying lender by lender, you complete one application in about 5 minutes. Quordx Capital's matching process matches your profile to 3-7 of its 50+ vetted lenders, ranked by approval probability, and you compare actual priced offers side by side. Most decisions return within 24-48 hours; funding typically lands in 3-7 business days.
What to Expect
Real offers, not advertised rates, and every fee disclosed so you can compute true cost. Rates vary by lender, credit, and deal, so treat every figure above as a benchmark, not a promise. Checking your matches is free, no fees ever, and you can walk away from every offer.
Apply for Funding
No obligation · Initial inquiry doesn't impact credit · Takes about 10 minutes
Written by
Cody Dreis
Founder, Quordx Capital
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Important Disclosures
Quordx Capital is a business funding broker, not a lender. We facilitate introductions between U.S. small and medium-sized businesses and lenders or capital providers in our network. All credit decisions, funding amounts, rates, fees, repayment terms, and timelines are determined solely by individual lenders based on their own underwriting criteria.
Funding figures and timelines shown on this page are illustrative and represent ranges within our lender network, they are not guarantees and individual outcomes may vary based on business profile, industry, time in business, revenue, credit history, and lender availability. Not all applicants qualify for every product.
The initial inquiry does not impact your personal credit score. Some lenders may perform a hard credit pull during underwriting; Quordx only authorizes such checks with your specific consent for the lender presenting an offer. Applicants are protected under the Equal Credit Opportunity Act (ECOA) from discrimination based on race, color, religion, national origin, sex, marital status, age, or because all or part of an applicant's income derives from any public-assistance program.
This Site is intended for commercial, business-purpose financing for U.S. businesses only. Not available for consumer loans, residential mortgages, or owner-occupied real estate. Quordx may receive compensation from lenders when applications result in funded transactions. This does not change the rate, fee, or terms offered to you. See our Advertiser Disclosure for details.
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