Small Business Loans Cost
What small business loans cost depends far more on the product and your profile than on any single advertised rate. An SBA loan might run 9-11.5% APR while a merchant cash advance carries a factor rate that translates to something much higher, and both can be the right call depending on your situation. Quordx Capital shows you real, comparable costs by matching your profile to the 3-7 best-fit lenders from a 50+ network, free of charge, so you see the actual price before you commit rather than a teaser rate.
Part of our guide to Business Loans.
Last updated · Reviewed by Cody Dreis
50+ Lenders|Funding in as little as 24 hours
What Drives the Cost of a Business Loan?
Your credit, time in business, revenue, and the product type set the price. Stronger numbers earn lower rates. Secured products like equipment financing cost less because the asset reduces lender risk; unsecured and fast products cost more for the speed and flexibility.
Quordx Capital submits your file to multiple lenders at once, so you compare real costs side by side and pick the cheapest structure that fits, not the first offer you see. Watch the metric, too: a term loan quotes an APR, while a merchant cash advance quotes a factor rate, and the two aren't directly comparable. A $50K advance at a 1.40 factor means $70K repaid regardless of how fast you pay it off, whereas an APR-based loan costs less the sooner it's retired. Knowing which yardstick applies keeps a low headline number from hiding the true cost.
What Do Different Products Cost?
SBA Loan: ~9-11.5% APR, up to ~14.75% max. The lowest cost, with the longest wait. Best for: established businesses.
Term Loan: ~8-30%+ depending on credit and lender. Best for: balancing cost and speed.
Merchant Cash Advance: Factor 1.1-1.5; $50K at 1.40 = $70K repaid. The fastest, and usually the priciest. Best for: urgent needs with strong card volume.
Run the numbers on your loan
Pick a product, set the amount and term, and see a typical payment.
Apply for Funding
No obligation · Initial inquiry doesn't impact credit · Takes about 10 minutes
Written by
Cody Dreis
Founder, Quordx Capital
Read full bio
Related articles
Keep exploring business loans
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