These are estimates based on typical lender criteria, not a guarantee. Your actual rate depends on your full financial profile, collateral, and the lender's current risk appetite.
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The Rate Spectrum: Why Two Businesses Borrowing $200K Can Get Rates 20 Points Apart
Two business owners walk into different lenders asking for the same $200,000 over five years. One gets 8% from a regional bank; the other gets 28% from an online lender.
That 20-point gap produces roughly $35,000 more in total interest paid over the life of the loan. The loan amount is identical, but the cost to the borrower is completely different.
The gap stems from four key variables every lender uses. Understanding them gives you a path to better rates.