There are more than 20+ banks and financial institution providing loans. Their interest rate are different and varies according to factors such as credit grading of applicant and the loan quantum. It is prudent to compare widely through multiple banks to suss out the best financing deal. Do note that the lowest rates quote that you receive might not necessarily mean it’s the best financing offer for your business. Check with the banks on their processing fees, annual fees if any and any other fee charges that could effectively increase your cost of borrowing. Alternatively, consider engaging a loan broker to help comb through the various banks business loan products to find the lowest rates for your company.