How Much Are Business Financing Rates?

This is the most asked question we get asked. First of all, EVERY business is different. Second of all, each Funding Program is different.

Lenders will base your interest rates on the amount of risk they expect to be taking on. If you have no collateral, no business credit, and bad personal credit, your interest rates will initially be high.

Other programs don't have interest rates. Their fees may be based on 'points' or a percentage of the total they lend you.

You wouldn't ask a real estate agent "Hey I've never owned a house before but can I buy this one and how much is the payment?" The exact same is true with business funding.

So there is really not an answer to this question.

One thing you should keep in mind about business financing is that even if you pay 10% on a business loan, but it will increase your business by 20%, then the 10% is considered a low interest rate.

By working with one of our Business Credit Advisors, you will start building your business credit. Establishing business credit can be about 10 times faster than establishing personal credit. Then with a good business credit score, you can start qualifying for very good interest rates and much better pay back terms - much more flexible than with personal credit and loans. Our Finance Officers work with just over 2200 lenders offering over 30 different types of business funding programs. They are your very best bet in getting business financing. No business loan broker can offer this many options.

Expert Credit Consultants, LLC specializes in establishing business credit and funding using our exclusive Business Credit and Financing Suite as well as consumer credit restoration and optimization. www.ExpertCreditConsultants.com.