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Since mortgage rates are so low why can’t I get a small business loan for the same rate?

April 26, 2017loan low mortgage rates rate small business

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Since mortgage rates are so low why can’t I get a small business loan for the same rate?

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Mortgage loans are, at the time of the loan, completely secured by a 1st position on real estate. Small business or microloans usually do not have a first position on real estate and therefore, are higher risk which directly increases the rate.