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SBA loan program. Loan amount. Details. Standard 7(a) loan. Up to $5 million. Repayment terms up to 10 years. Interest rates between 11.50% to 16.50% depending on whether it is variable or fixed
Semi-truck financing average interest rates range from 7 percent to 35 percent. That said, the interest rate may exceed 35 percent, depending on your credit score, time in business and the lender ...
Lender. Min. credit score. Details. Bank of America. Not disclosed, but 700 for most Bank of America business loans. Loan amounts from $25,000. Terms up to 5 years
Lender. Loan type. Top features. Bank of America. Equipment loan. Available for commercial vehicles over 2.5 tons. Fixed interest rates as low as 6.75%. Loan terms up to 5 years
For example, if you need a business loan for $100,000 to finance a semi truck for seven years at 6 percent interest, you’re looking to pay around $1,461 per month — and that’s with a prime ...
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