If you're looking for the finest business loan in the US with the lowest interest rate, here's a breakdown of top options as of 2025 — keeping in mind that the “best” loan depends on your business size, credit score, time in operation, and revenue.
Top Business Loan Options with Low Interest Rates
1. SBA 7(a) Loan
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Interest Rate: Typically 10.5% or lower (based on Prime + max 4.75%)
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Loan Amount: Up to $5 million
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Best for: Small to mid-sized businesses with solid credit
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Pros:
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Long repayment terms (up to 25 years)
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Backed by the U.S. government (less risk for lenders)
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Cons:
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Requires strong credit and documentation
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Can take weeks to get approved
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2. SBA Microloan
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Interest Rate: 8%–13%
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Loan Amount: Up to $50,000
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Best for: Startups and very small businesses
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Pros:
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Easier qualification than traditional loans
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Supportive terms for new businesses
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Cons:
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Lower loan caps
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More limited use cases
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3. Bank Term Loans (e.g., Chase, Bank of America, Wells Fargo)
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Interest Rate: Around 6%–12% (for well-qualified applicants)
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Best for: Established businesses with strong credit
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Pros:
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Competitive rates for prime borrowers
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Fixed payments and terms
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Cons:
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Harder to qualify than online lenders
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Slower funding process
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4. Credit Unions (e.g., Navy Federal, Local CUs)
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Interest Rate: As low as 5%–10%
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Best for: Local or member businesses
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Pros:
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Very low rates
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Personalized customer service
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Cons:
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Membership required
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May have smaller loan options
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5. Online Lenders (e.g., Fundbox, BlueVine, LendingClub)
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Interest Rate: Starting at 4.66% (simple interest, not APR)
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Best for: Fast funding and flexible credit profiles
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Pros:
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Fast approval and funding (within 1–3 days)
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Easy online applications
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Cons:
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Higher rates if credit or revenue is low
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Shorter repayment terms
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Tips to Get the Lowest Interest Rate
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Have a credit score of 700+
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Show 2+ years of profitable operations
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Provide detailed financial statements
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Offer collateral (if needed)
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Build a relationship with a local bank or credit union