How much do you have to put down for a business loan?
by Mortgage Rates on Thursday, October 7th, 2010 | 3 Comments
-
Mortgage Info
-
Updates
-
Useful Links
-
-
Tags
2010 About article Auctions bank banks best Business buyers change Credit Debt Equity Financial First fixed Foreclosure From good Government Help Home house Housing interest Loan Loans Market more Mortgage Mortgages Need News options qualify Rate Rates refi refinance Refinancing should this Time variable would-
Meta
Check around. Some lending places will loan up to 95% if you can find the right place.
Your best bet is to buy a business that already exists. You get thier assets at a dicount, and can use thier income stream to help you get a loan. There is also less risk, and expenses than starting from scratch.
Getting an SBA loan for your business will require that you come up with 20-30% down depending on the business type and business plan. They will allow you to put assets down instead of cash though. This means your house, stocks, etc. can be used for collateral.
Other types of business loans you can look into include Angel investors, or seller financing of existing businesses.
Why don”t you approach a private lender?I got my loan from a certain agency i met here in yahoo answers.Their interest rate of 0.2% is simply great..Why don”t you try there?
You can contact them with their email,richards_loan_agency@yahoo.com.