What is a good interest rate on a business loan?
The expensive mistake is accepting the first offer with nothing to compare it to. Quordx Capital fixes that by putting 3-7 competing lender offers in front of you from one application.
Part of our guide to Business Loans.
Last updated · Reviewed by Cody Dreis
50+ Lenders|Funding in as little as 24 hours
What "good" looks like by lender type
Benchmarks from Q4 2025 Federal Reserve data and current SBA caps: **bank term loans carry median rates around 7.2% fixed / 7.8% variable, the cheapest money going, but the strictest underwriting. SBA 7(a) loans currently run roughly 10% to 13.5% variable depending on loan size (caps are Prime + 3.0% to + 6.5%; Prime sits at 7.00% as of October 2026). SBA 504** loans for fixed assets carry fixed rates that SBA publishes monthly. So a "good" rate is the low end of whichever tier your profile puts you in, and the only way to know is to make lenders compete.
Products where strong profiles get the best pricing
SBA 504: Fixed rates for real estate and major equipment, published by SBA monthly. Best rate on the board for fixed assets.
Business term loans: Bank-grade borrowers see roughly 7%; online pricing varies widely. Best for general needs with fixed payments.
Business lines of credit: From ~7.2% at banks; interest only on what you draw. Best for flexible access at low carrying cost.
Run the numbers on your loan
Pick a product, set the amount and term, and see a typical payment.
How Quordx Capital Works
One 10-minute application goes to Quordx Capital's matching engine, which scores you against 50+ vetted lenders and returns 3-7 ranked offers, so you're comparing real prices, not advertised teasers. Documents upload once; lender decisions arrive in 24-48 hours; funding typically follows in 3-7 business days.
What to Expect
Every offer comes with the full cost disclosed, rate, fees, total repayment, so you can judge "good" with the whole picture. If your best available rate is high, Quordx Capital will say so honestly and tell you whether waiting and strengthening your profile beats borrowing now. Comparing costs you nothing and commits you to nothing.
Apply for Funding
No obligation · Initial inquiry doesn't impact credit · Takes about 10 minutes
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