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What is the average term of a small business loan? What is the average interest rate?
I'm considering applying to get a SML, preferably a microloan of about 15,000. How long are the average loan terms? What about average interest rates? Any pros or cons anyone would like to add?
1 Answer
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- HenryLv 79 years agoFavourite answer
There is no such thing as an average term or rate. They are based on your loan application and business plan.
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