Current Business Line of Credit Rates Today
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How current is this page? We refresh these figures on a regular cycle against the named sources below — this is a periodically-updated reference, not a real-time rate feed. Rates move daily, so always confirm the live number on the lender’s own page before you rely on it.
Last updated: June 2026. Prime rate 6.75%* per the Federal Reserve H.15 release (as of June 2026). Informational only — not financial advice, and BizBee is not a lender.
You came here for a number. I get it — when I sat on the lender side, the first question across the desk was almost always “so what’s the rate today?” Here’s the honest answer, and the reason this page is built to stay current instead of quoting you a figure that’s stale by the time you read it: there is no single “rate today” for a business line of credit. Your number is built fresh from three moving parts every time a lender prices you.
So this page does two things. It tells you what those three parts are doing right now — anchored to the prime rate, which you can check yourself — and it gives you the honest ranges by lender type so you know whether the offer in front of you is in the right neighborhood.
How to read “today’s” rate (and why it moves)
A business line of credit is revolving credit: you draw what you need, pay interest only on the outstanding balance, repay, and draw again. Most lines are priced as prime rate + a margin — so “today’s rate” is really today’s prime rate plus whatever spread your business earns.
That means the rate moves for two different reasons:
- The prime rate moves (everyone’s number shifts at once), or
- Your profile changes your margin (your number shifts relative to everyone else’s).
If you understand those two levers, you can read any quote and know whether it’s the market moving or the lender pricing you. For the full mechanics behind the rate, see how a business line of credit works.
What’s driving rates right now
1. The prime rate — the floor under almost every line.
Prime is the benchmark most business lines build on, and it tracks the Federal Reserve’s target rate. When the Fed moves, prime moves, and your variable-rate line moves with it. This is the single most important number to check before you judge any quote — and it’s public. The prime rate is 6.75%* (per the Federal Reserve H.15 release, as of June 2026), where it has held since the Fed’s pause. Check the current prime rate and the Fed’s latest rate decisions at the H.15 release and the Fed’s monetary policy page.
2. Your business’s risk profile — your margin.
On top of prime, the lender adds a spread based on how risky you look: time in business, annual revenue, personal and business credit, and whether the line is secured. A strong file gets a thin margin; a thin or troubled file gets a wide one — or a flat per-draw fee instead. If credit is your sticking point, start with business line of credit for bad credit and credit score needed.
3. The lender type — the structural range.
A bank, an online lender, and an SBA program will price the same business differently because their cost, speed, and risk appetite differ. That’s the next table.
Typical rates today by lender type
I’ll give you the shape of the market, not a fake-precise number. Every range below is illustrative and directional — confirm the live figure against the named source before you rely on it. Pricing in 2026 hinges on where the prime rate sits, so these move.
| Source of financing | How it’s priced | Where it sits today* |
|---|---|---|
| Bank / credit union line of credit | Prime + margin (APR) | Usually the lowest-cost tier (slowest, strictest to qualify); roughly 7%–20% APR* for qualified borrowers, strongest files near prime — currently 6.75%* (prime per Fed H.15; ranges per the Fed Small Business Credit Survey). Varies by lender and credit. |
| Online lender line of credit (Bluevine, OnDeck, Fundbox, etc.) | APR, sometimes a flat fee per draw | Above bank pricing, funds faster, approves thinner files — typically ~15%–45% APR* (per the Fed Small Business Credit Survey). Varies by lender; confirm the live figure on each lender’s page. |
| SBA CAPLines (line of credit) | Prime + an SBA-allowed maximum spread | Spread capped by SBA rule — generally prime + 2.25% to prime + 6.5%* by loan size/term (per SBA 7(a) maximum-rate rules, sba.gov); about 9%–13.25% APR* on a 6.75% prime. |
| Merchant cash advance (NOT a line of credit) | Factor rate, not APR | Factor rates commonly 1.1–1.5*; once converted, effective APR frequently runs ~40% to 350%+* by repayment speed. Not a true line of credit. |
* Illustrative, periodically-updated figures — not a real-time quote. Always verify the current prime rate and any lender’s live rates, ranges, and fees against the named source before relying on them. Prime 6.75% per Federal Reserve H.15, as of June 2026.
A few patterns hold no matter what prime is doing on any given day:
- Banks and credit unions are usually the cheapest — and the hardest and slowest to qualify for.
- Online lenders cost more but fund faster and approve thinner files. You’re paying for speed and access.
- Your profile sets your margin, so two businesses can pull very different “today’s rates” from the same lender on the same day.
Reviewer note: Watch out for any “rate” quoted as a factor rate. A merchant cash advance is not a line of credit, and its factor rate is not an APR — the real cost is almost always higher than it looks. Convert it first. See factor rate vs. APR.
So what’s a good rate today?
A “good” rate is the lowest total cost you can actually qualify for — not the lowest headline number you saw in an ad you can’t get. Two quick gut-checks:
- Benchmark against prime. Pull today’s prime rate from the Federal Reserve. A thin margin over prime from a bank is about as good as it gets; a wide margin or a flat per-draw fee signals the lender sees more risk in your file.
- Judge the offer against your tier, not the whole market. If you’re a newer business with a thin file, the right comparison is other online-lender offers — not a bank’s prime-plus-2 that you couldn’t get approved for anyway.
And remember the rate is only half the cost. Origination, maintenance, unused-line, and renewal fees decide which offer is actually cheaper. Get the full picture in our average rates and fees breakdown, then run real quotes through the cost calculator to compare total dollars, not headlines.
The verdict
There is no single business line of credit rate today — there’s prime, plus the margin your business earns, filtered through the lender type you qualify for. Check prime at the source, know which tier you’re in, and compare offers on total cost in dollars rather than the advertised rate. That’s how you tell a genuinely good rate from one that just looks good.
Want to see real numbers for your business — today? The fastest way to compare actual rate and fee quotes across multiple lenders, without applying to each one separately, is a lending marketplace. Lendio matches you to lenders in one application so you can put today’s real offers side by side and see if you may qualify. Checking your options through Lendio uses a soft credit pull that doesn’t affect your score; if you accept an offer, the lender may run a hard pull at underwriting.
Frequently asked questions
What are current business line of credit rates?
There’s no single current rate — your number is the prime rate plus a margin set by your business’s profile, and the spread varies by lender type. The prime rate most lines build on is 6.75%* (per Federal Reserve H.15, as of June 2026). For qualified borrowers, bank and credit-union lines typically run about 7%–20% APR* and online lenders ~15%–45% APR* (illustrative ranges, periodically updated against the Fed Small Business Credit Survey), but your figure varies by lender and credit. Confirm any quoted figure on the lender’s own page before relying on it.
What is a good business line of credit rate?
A good rate is the lowest total cost you can actually qualify for, judged against your tier rather than the whole market. Benchmark it against today’s prime rate from the Federal Reserve: a thin margin over prime from a bank is excellent, while a wide margin or a flat per-draw fee signals the lender sees more risk. Don’t forget fees — see our average rates and fees guide.
What drives business line of credit rates?
Three things: the prime rate (the public benchmark most lines build on, which moves with Federal Reserve decisions), your business’s risk profile (time in business, revenue, credit, and whether the line is secured — this sets your margin), and the lender type (banks, online lenders, and SBA programs price the same business differently). When prime moves, everyone’s rate moves; when your profile changes, your rate moves relative to everyone else’s.
Marcus Delaney is a former commercial loan officer who now writes about small-business financing. After years reviewing line-of-credit applications from the lender’s side — then borrowing as a small-business owner himself — he focuses on helping owners compare options without the jargon. More about Marcus → · This article is reviewed for accuracy by Elaine Vasquez. It is informational and independent; BizBee does not lend money or broker loans. See our editorial standards and how we evaluate lenders.