Small Business Loans Cost
What small business loans cost depends far more on the product and your profile than on any single advertised rate. An SBA loan might run 9-11.5% APR while a merchant cash advance carries a factor rate that translates to something much higher, and both can be the right call depending on your situation. Quordx Capital shows you real, comparable costs by matching your profile to the 3-7 best-fit lenders from a 50+ network, free of charge, so you see the actual price before you commit rather than a teaser rate.
Last updated · Reviewed by Cody Dreis
50+ Lenders|Funding in as little as 24 hours
What Drives the Cost of a Business Loan?
Your credit, time in business, revenue, and the product type set the price. Stronger numbers earn lower rates. Secured products like equipment financing cost less because the asset reduces lender risk; unsecured and fast products cost more for the speed and flexibility.
Quordx Capital submits your file to multiple lenders at once, so you compare real costs side by side and pick the cheapest structure that fits, not the first offer you see. Watch the metric, too: a term loan quotes an APR, while a merchant cash advance quotes a factor rate, and the two aren't directly comparable. A $50K advance at a 1.40 factor means $70K repaid regardless of how fast you pay it off, whereas an APR-based loan costs less the sooner it's retired. Knowing which yardstick applies keeps a low headline number from hiding the true cost.
What Do Different Products Cost?
SBA Loan: ~9-11.5% APR, up to ~14.75% max. The lowest cost, with the longest wait. Best for: established businesses.
Term Loan: ~8-30%+ depending on credit and lender. Best for: balancing cost and speed.
Merchant Cash Advance: Factor 1.1-1.5; $50K at 1.40 = $70K repaid. The fastest, and usually the priciest. Best for: urgent needs with strong card volume.
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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.
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