Small Business Loan Rates: What Eleven Funders Actually Publish

Published rates, side by side

Our line of creditFrom 1% per month. 2.49% draw fee. No origination or maintenance fee.

Our term loan0% origination. 50% off remaining interest on a full early payoff.

OnDeckPublishes averages: "The average rate for term loans is 53.2% APR and the average rate for lines of credit is 59.8% APR"

Credibly"Factor rates as low as 1.11"; line of credit "Monthly interest rate 3-5%"

SBG Funding"Rates starting at 1.25%* / month" — its footnote adds these are an average and "may vary by state and lender criteria"

Fora Financial"Our rates range from 1.13 to 1.50 with early payback provisions that can reduce your rate to as little as 1.05"

Clarify Capital"Rates from 6%" — a marketplace floor across 75+ lenders, not a single lender's rate

LendioPer-product floors, e.g. line of credit "8%-60%". Lendio states it "is not a lender and does not make credit decisions"

Rapid FinanceNo rate published anywhere on its site

BluevineNo lending APR published anywhere on its site

FundboxNo rate published anywhere on its site

Every competitor figure is quoted from their own website in September 2026. Where a rate carries “as low as”, “from” or “average”, that qualifier is part of the quote and changes what the number means.

Why most published rates are floors, not prices

Almost every rate in the table above is a floor. “As low as 1.11” and “rates from 6%” describe the best outcome available to the strongest file, not what a typical applicant is offered.

OnDeck is the exception worth noting: it publishes an average rather than a floor, and names the origination period the average covers. That is a materially more honest number, and almost nobody else does it.

A marketplace floor is different again. When Lendio shows “8%-60%” on a line of credit, the rate you get depends on which of its lenders takes the file — and it states plainly that it is not the lender.

“As low as” and “from” describe the floor, not the median

An average with a stated period is the more useful figure

A marketplace quote is not a lender's quote

Factor rates are not APRs and cannot be compared to one directly

The two numbers that actually compare offers

Rate format varies so much that comparing rates alone is close to meaningless. Two figures cut through it, and any funder can give you both.

Total paybackEverything you repay across the full term, in dollars

Payoff at 30, 60 and 90 daysWhat it costs to clear early. We discount at all three; many funders discount at none.

Work out total payback on any offer →

How it works

1. Apply in minutes

A short application. No impact to your credit score to see what you qualify for.

2. Same-day decision

We review revenue, time in business and bank activity — not just a credit score.

3. Review your terms

You see the amount, the term and the total cost before you sign anything.

4. Funded next business day

Money in your account, typically the next business day after signing.

Common questions

What is a typical small business loan rate?

It depends on the product. Our line of credit starts at 1% per month and our term loan carries 0% origination. OnDeck publishes an average of 53.2% APR on term loans and 59.8% on lines of credit. Factor-rate products are commonly quoted between 1.11 and 1.50.

Which funders publish their rates?

Of eleven checked in September 2026, OnDeck, Credibly, SBG Funding, Fora Financial, Clarify Capital and Lendio publish some rate figure. Rapid Finance, Bluevine and Fundbox publish none.

Is a factor rate the same as an interest rate?

No. A factor rate is fixed at funding and does not accrue over time.

What is your rate?

From 1% per month on a line of credit, with a 2.49% draw fee, or 0% origination on a term loan.

How current are these figures?

Read from each company's public website in September 2026. Funders change terms without notice.

Small business loan rates: what is actually published.