I'm thinking about buying a small business and looking into some business loans.
Is 5.7% interest a good rate for a small business loan? What is the standard interest rate for a small business loan?
This is in Canada, but I assume it's pretty similar in the US.
>>1171229
I'm not sure what a "good" interest rate is but that % is cutting directly into your NOI so that seems rather steep
>>1171229
>buying a brick and mortar
>in 2016
pls
I hope you're 40 or something
>>1171253
He never said anything about a brick and mortar. He could be purchasing inventory from one of those ali sites. Hell he could be trying to buy ETH.
>>1171229
4.5% is more ideal, but I don't feel like your rate is unmanageable. Shop around for rates and make sure your math is right when you make budgets.
Post more senpai
>>1171229
Need you to answer a few more things for me, OP
Term? Amortization? Loan size?