Business Loans

[smpl]

There seems to be a divergence in opinion here. Do banks offer a better rate (fixed or floating) for business loans?

The bank will be much happier - and charge you less - for lending to the business and securing over the property(ies)

Anyways, I would expect ANY business loan would come at much higher interest rates than the already high, mortgage rates.

Nope my overall loan book is a fraction of the capital base fully covered by RES equity = RES lending 5.99% ..

[JBmurc]

There seems to be a divergence in opinion here. Do banks offer a better rate (fixed or floating) for business loans?

Best you talk with your bank ...fixed rates will be lower .. much depends on ones financial position .. I've never paid more than RES rates for all my commercial /business loans but then I've got a good amount of RES equity they can use as collateral .. many bank that I've approached don't like Kiwibank / BNZ etc ... Westpac/ANZ been great to deal with over the years ..