Archive for July, 2007
Can I get a small business loan for 15k with bad credit and no assests?
stay at home mom asked: I am a stay at home mother starting up a claims and billing business. My current income comes from my husband. I do not own anything under my name. We are currently renting and my credit score is in the mid 500’s. I would like to try to get this [...]
Once I receive a business loan, am I able to do what I want with it?
melly782 asked: After a bank reviews my business plan, and approves a loan for me, am I able to do what I need to with the money? In other words, would I be able to pull a salary to support myself from that loan? Thanks!
What happens if you can’t pay back a business loan?
Kara C asked: I want to start a small business of my own but I am hesitate to even try to get started. I think I have a plan that will work but I am going to have to get a loan to make it happen. I just want to know, what happens if I [...]
If i apply for a bank loan will an inquiry be placed on my credit report?
Rese asked: It’s a line of credit, all I need is $300 for this month and I will pay it back in full the next month? Or is there a better way to get a loan for a small amount?
Home equity loan interest is tax deductible?
jc2e1028 asked: I have two mortgages - one for primary residence and one for investment property. I know that interest payment on both loans are tax deductible. But if I get a home equity loan against my primary home to pay off my high-interest car loan, the interest on this home equity loan [...]
What are the basic qualifications of all business loan applicants?
melaniemarie asked: Looking to start a repossession business. Is the down payment for the loan the biggest factor as to how much you can borrow, and the length of the loan? Any information would be helpful. Thank you in advance.
If a business qualitfies for a SBA loan, does it mean it is making a profit?
Little Hulk asked: If you are looking to buy a business, and the business states that it will qualify for a Small Business Loan. Does that mean the business is “Less” of a risk than other business’?
How soon can i get a home equity loan?
manofachallenge asked: How long do I have to own my home to get a home equity loan?
Wanna get one, but not sure if they can give it to me, because I’ve been in the house for 5 years. Are there some limits?
Would appreciate your help.
Ivan.
What are the benefits of a home equity loan?
cheerful2 asked: What are some benefits of a home equity loan? How does it work? Whats a good interest rate for someone with OK credit? My is good, but my husbands is fair. We are planning on consolidating high interest cards and possibly using sometowards a newer vehicle.
When you are applying for a business loan do you have to have really good credit?
Marilu H asked: Do the banks only base your business loan on your credit and how good it is or does it matter???