Definition Prime Rate

Prime Rate definition
SBA Loan ProgramSmall Business Finance ServicesSmall Business Administration / InvestingBusiness Loan / Finance Programs & InvestmentsSBA Loan Proposals / Prime Rate

SBA Loan Terms: Prime Rate

The interest rate commercial banks charge their most creditworthy customers. The rate is determined by general trends in interest rates.Changes in the prime rate influence changes in other rates, including mortgage interest rates.



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Small Business Loan Consulting

Definition: Prime Rate - Small Business Loan Forms / Application

Start up companies in every industry are always seeking capital to open or expand their company. This is a challenge as many of these entrepreneurs have no prior business experience or credit and have been turned down by typical bank programs. There are also small business programs designed for minority and woman-owned businesses and startups.

When your bank says no - Go find another business bank -

Section 7(a) of the Small Business Act, authorizes the Agency to provide business loans to American small businesses. CDCs work with the SBA and private-sector lenders to provide financing to small businesses.
These programs are designed for start-ups or existing businesses. SBA generally requires that the owner(s) inject 1/5 to 1/3 of the total funds needed to launch a new business. Maturities up to 25 years based on life of assets financed.


Small Business Administration was formed in 1953 as an independent agency of the federal government to help America's entrepreneurs form successful small enterprises. There are SBA program offices (providing small business loan assistance and information) in every state offer financing and training for both small businesses and start up companies.

Small Business Loans & Program Definitions

SBA Loan Terms / Corporate Finance - Define: Prime Rate - 2004 HJ Ventures International, Inc.