Simple Interest Rate vs. APR: Here’s How They Differ
Fundera
DECEMBER 28, 2016
In other words, there is no one-size-fits-all APR that applies to every person applying for a particular business loan. Remember earlier when I said that the APR of a loan is almost always higher than its interest rate? APRs will also vary depending on the life of the loan.
49 
Let's personalize your content