What are current US SBA loan rates?

US SBA 7(a) loan rates are based on the Prime Rate plus a spread: for loans under $50K, Prime + up to 6.5%; $50K–$250K: Prime + up to 6%; above $250K (terms over 7 years): Prime + up to 4.75%. The Prime Rate as of 2024 is 8.5%, so SBA rates range approximately 8.5–15% depending on loan size and term.

What government-backed business loans exist in the UK?

UK government-backed business loans include: Start Up Loans (fixed 6%, max £25K, personal loan structure). Recovery Loan Scheme (market rates, 70% government guarantee, up to £2M). Regional funds through British Business Bank. Enterprise Finance Guarantee (70% guarantee on bank loans). Scotland, Wales, and Northern Ireland have their own devolved funding programs.

How does the Canadian BDC business loan compare to US SBA?

The BDC (Business Development Bank of Canada) is a Crown Corporation offering direct loans at market rates (variable Prime + 2–5%). Unlike the US SBA (which guarantees private bank loans), BDC lends directly. BDC is more flexible with startups and technology companies. The Canada Emergency Business Account (CEBA) provided $40K interest-free loans during COVID, with $10K forgivable — now closed.

🇺🇸 SBA 7(a) 🇬🇧 Recovery Loan Scheme 🇦🇺 Small Business Loan

Business Loan Calculator

Calculate monthly repayments, total interest, and total cost for business loans. Covers US SBA 7(a), UK government-backed loans, and Australian small business financing.

Quick Answer

US SBA 7(a) rates: Prime + 2.25–6.5% (≈8.5–15% in 2024). UK Start Up Loan: fixed 6%, max £25K. Australian small business: 6–12%. A $150K loan at 8.5% over 10 years costs ~$1,860/month with $73K total interest.

💡 US SBA 7(a) loans: rates typically Prime + 2.25–4.75%. Max term 10 years for working capital, 25 years for real estate.

Loan Amount ($)

Annual Rate (%)

Term (Years)

Government-Backed Business Loan Comparison

Program	Rate	Max Amount	Guarantee
🇺🇸 SBA 7(a)	Prime +2.25–6.5%	$5M	85% govt guarantee
🇬🇧 Start Up Loan	6% fixed	£25,000	100% government-backed
🇬🇧 Recovery Loan	Market rates	£2M	70% govt guarantee
🇨🇦 BDC Direct Loan	Prime +2–5%	Varies	Crown Corp — direct lending
🇦🇺 SME Guarantee	Market rates	A$5M	50% govt guarantee
🇩🇪 KfW ERP	3–8% fixed	€25M	Up to 80% guarantee