Even though every business loan lender has different interest rates and loan terms, but most of the lenders offer a loan amount of $5,000 to $1 million, with repayment terms of 6 months to 5 years and the interest rate ranging from 7% to 25%. A new business loan requires ‘the good’ credit score, but this is not a high-end requirement for you are getting fast access to money via a reliable and easy process. In addition to this, the new business loan borrower must be 18 years and above and legally residing in the United States of America. Furthermore, from SBA Loan to funds from friends and family, a new business loan comes in multiple forms! Let us explore some of the options and get your new business up and running.