Bulletin – October 1997 Small Business Lending

Table 2: Indicator Rates, Margins and Total Interest Rates Paid by Small Businesses
Per cent
Variable-rate loans Fixed-rate loans Bill lines Total loans
Average
indicator
rate		 Customer
risk
margin		 Total
interest
rate		 Average
indicator
rate		 Customer
risk
margin		 Total
interest
rate		 Average
indicator
rate		 Average loan fees
and customer
risk margin		 Total
interest
rate		 Average
indicator
rate		 Customer
risk
margin		 Total
interest
rate
Mar 96 10.6 2.0 12.6   8.6 2.0 10.6   7.5 3.0 10.5   9.4 2.0 11.4
June 96 10.6 2.0 12.6   8.6 2.0 10.6   7.6 2.9 10.5   9.4 2.0 11.4
Sep 96 10.1 1.9 12.0   8.6 1.9 10.5   7.3 2.8 10.1   9.1 1.9 11.0
Dec 96 9.5 1.9 11.4   8.4 1.9 10.3   6.6 2.8 9.4   8.7 1.9 10.6
Mar 97 9.1 1.8 10.9   8.3 1.8 10.1   6.1 2.8 8.9   8.5 1.8 10.3
June 97 8.7 1.9 10.6   7.9 1.9 9.8   5.8 2.8 8.6   8.1 1.9 10.0