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LegalCornerTM - Financing a Business F.A.Q.'s

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Q.What interest rate will I be charged on a business loan or business line of credit?

A.Interest rates on business credit lines and business loans typically equal or exceed the prime rate, and are based in part on how risky your business appears to be in the eyes of the lender. Interest rates are usually negotiable, and you should shop around before accepting a line of credit from a particular lender.

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