Small businesses have to understand the loan rates for the funding that they try to get for their business. Commercial loan rates are calculated by banks and lenders by different evaluation metrics that create a risk profile for the small business.
These factors can include the industry the business operates in, how long the business has been around and operating in the industry, the size of the business, the revenue and net proceeds of the business, as well as ratios such as the debt service coverage ratio. Banks differ from direct lenders and brokers. Loancompute has more information on commercial loan rates.
These factors can include the industry the business operates in, how long the business has been around and operating in the industry, the size of the business, the revenue and net proceeds of the business, as well as ratios such as the debt service coverage ratio. Banks differ from direct lenders and brokers. Loancompute has more information on commercial loan rates.