Can the interest rate be lower than the prime lending rate of the bank

The interest rate charged by a bank on a business loan will depend upon the position of a borrower and the kind of financial condition he/she is in. The best clients with the best credit ratings are usually given the offerings at below the prime lending rate which might not be possible for small borrowers or even first-time borrowers. However, the position can improve over a period of time and the cost can go down as the financial position of the business improves.