It’s important that you fully understand all of the conditions that will be in the agreement once you have applied for a business loan and been approved. The business loan interest rates will be revealed in your contract, however the agreement could it be that they are a variable rate which means that they could change. However if it has been agreed upon that it’s a fixed rate than the business loan interest rates will remain at the price agreed upon.
You can also take advantage of the Small Business Startup Assessment Tool below and see the tools and resources you need to succeed at launching your business. It takes just a minute and will also tell you if there may be any funding programs available.