Business loan interest rate vary depending on factors such as the loan type, lender, borrower’s creditworthiness, and the loan term. Typically, rates range from 3% to 20% or more, with lower rates offered to businesses with strong credit histories and stable financials. Secured loans, backed by collateral, usually come with lower rates, while unsecured loans tend to be higher due to increased risk. Comparing different lenders and understanding fixed vs. variable interest rates can help business owners find the best option for their financial needs, ensuring manageable payments and overall affordability of the loan.