I want to borrow money for my business. What is the maximum interest the lender can charge me?

The lending industry is regulated as to what it can charge. Banks are subject to federal or state regulation as to how they do business as well. For the most part however, banks are not subject to a maximum on the amount of interest they can charge on a business loan. Non-bank lenders, however, may be subject to state usury laws, which puts a cap on the amount of interest that can be charged. Thus, for example, individuals loaning money to a business may be limited to 10% annual interest, depending on state law. Lenders also typically charge other amounts, such as late fees, loan application fees and loan origination fees.

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I want to borrow money for my business. What is the

maximum interest the lender can charge me?

The lending industry is regulated as to what it can charge. Banks are subject

to federal or state regulation as to how they do business as well. For the most