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Why are SBA Loans a Bad Idea?*The current prime rate, as of November , is %. These interest rates apply to all loans within the 7(a) program, including SBA Express loans. Export. The average interest rate for urban small business term loans in Q1 was percent for fixed-rate loans and percent for variable-rate loans. In addition to its competitive rates, which range from a percent to percent APR, businesses with an unsecured line of credit have access to Wells.