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Business loans: Are small business loans variable or fixed-rate loans?

The decision of whether to go with a fixed or variable rate loan for your small business can be a difficult one. Let’s take a look at the pros and cons of each type of loan and help you decide which is right for you. Fixed-rate loans are typically more expensive than variable-rate loans, but they tend to have lower interest rates over the life of the loan. If you’re able to get a fixed-rate loan, it’s important to remember that interest can add up quickly if you don’t pay your loan off on time. In this blog post, we will learn all about business loans and do they have a variable or fixed interest rate! Read more here to find out which interest rate type is better https://virginiamoney.net/business-l...ed-rate-loans/