Small business loans come in both variable-rate and fixed-rate formats.
Small business loans come in both variable-rate and fixed-rate formats. The main difference between the two types of loans is the rate at which interest is paid. With a variable-rate loan, the interest rate can change over time, based on market conditions. A fixed-rate loan, on the other hand, always pays the same interest rate no matter what. Which type of small business loan is best for you depends on your specific needs and finances. Both types of loans offer advantages and disadvantages, so it’s important to weigh them carefully before making a decision. For more details you can visit our page
