Best Small Business Loan Rates
The best small business loan rates go to the businesses that match a lender's sweet spot, strong revenue, solid credit, and time in business, not to whoever clicks an ad promising a low number. Rates in mid-2026 range widely: SBA loans around 9-11.5% APR, term loans from roughly 8% up past 30%, equipment financing often 7-20% because the asset backs the loan. Quordx Capital finds your best available rate by matching your profile to the 3-7 most competitive lenders from a 50+ network, free, with decisions in 24-48 hours.
Part of our guide to Business Loans.
Last updated · Reviewed by Cody Dreis
50+ Lenders|Funding in as little as 24 hours
What Actually Determines Your Rate?
Lenders price on risk. The lower your perceived risk, steady deposits, good credit, two-plus years in business, collateral, the lower your rate. Secured products beat unsecured ones on price, and government-backed SBA loans sit at the bottom of the range for those who qualify.
Quordx Capital submits your file to multiple lenders at once so you see the best rate each one offers and choose. Competing offers are how you confirm you're not overpaying. A few moves can nudge your rate down before you even apply: keep your deposits steady, separate business and personal accounts cleanly, and be ready to show collateral when a product allows it. And read past the headline number, a low rate paired with a short term and frequent payments can strain cash flow more than a slightly higher rate over a longer term, so compare the full structure, not just the percentage.
Which Products Offer the Best Rates?
SBA Loan: ~9-11.5% APR, the lowest available. Best for: established businesses willing to wait.
Equipment Financing: ~7-20%, kept low by collateral. Best for: financing assets affordably.
Term Loan: ~8-30%+, varies with credit. Best for: balancing competitive rate and speed.
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Written by
Cody Dreis
Founder, Quordx Capital
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Quordx Capital is a business funding broker, not a lender. Lenders make every credit decision and set the rate, fees and terms, and not every business qualifies. Quordx may be paid by a lender when a deal funds. Full disclosures