Legal Question in Credit and Debt Law in Virginia

Usury Interest Rate Business debt over $100,000

What is the maximum interest rate it is legal to charge in Virginia on a business loan between $100,000-$2,000,000, secured by assets of the business?


Asked on 10/24/01, 10:41 am

1 Answer from Attorneys
Daniel Press Chung & Press, P.C.

Re: Usury Interest Rate Business debt over $100,000

Generally, there is no usury limit on business loans.

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Answered on 11/24/01, 6:04 pm


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