7% interest is probably about right, since Fed Funds and prime is down right now. In early 2008, 11%+ would have been roughly the rate you would be looking at.
The term length of the loan will vary, and you might even have options as to how long you have to pay it off: 2, 5, 10 years, etc... This may affect the interest rate and the longer the term, the higher the rate. So, instead of figuring on what is typical, try to figure on what payments you can afford, and consider what the term would be from there.
A fee for a business loan is generally standard, for lines of credit they normally go for about $100 dollars per year. This might be different for your bank or for a business loan.
I`m not sure about the history you have with this bank, but chances are you will have to sign a personal guarantee for the loan.
Hope this helped. Good luck!
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