Archive for April, 2008

What are my chances of getting a small business loan right now?

mondragon52 asked: I will be seperating from the military soon after eight years and three tours to Bosnia, Iraq and Afghanistan. I can use my Veteran status to apply for a business loan but what are my chances of actually getting it? I also have good credit.

How do I get a small business loan?

Carolyn B asked: How can you get a small business loan if you have filed personal bankruptcy?

Why might the bank manager be concerned about the bank loan?

Keiko asked: Why might the bank manager be concerned about the bank loan?

April 23, 2008 • Tags: , • Posted in: Credit • 2 Comments

I need a loan but I have bad credit and no bank account. Any suggestions on what I should do?

Kandice T asked: I recently was sick and I had to go to the hospital a lot. I fell behind in work, in my school work, and financially I almost filed bankruptcy. I need a loan of about 6 grand to pay off all these medical bills and catch back up on all of my [...]

What is meant by an unsecured bank loan?

Martini asked: what is an unsecured bank loan?

April 19, 2008 • Tags: , • Posted in: Credit • 2 Comments

How do you buy investment property with a home equity loan?

Patricia P asked: My husband and I are thinking of purchasing an investment property by way of using a home equity loan on our first home. Is this a smart thing to do? what are the down sides of it? We don’t have money of our own in the bank to do it, but it [...]

What is the difference between a mortgage and a home equity loan?

BC asked: I own a home that is paid off but would like to take out a loan to fund some home improvements as well as help my parents pay off their home equity loan. Given this scenario can I take out a mortgage since mortgage rates are lower or am I limited to a [...]

Should I get an home equity loan or should I save my money and pay with cash?

Wife4Life asked: I own a house that will be paid off next year.
I want to do some remodeling in my house like a new kitchen, all new travertine floors, new doors and some other things.
The total of my remodeling will be about $45,000 including all the labor and materials.
My question is: Do [...]

How do I attain a business loan from a bank, to buy/take over a currently-running profitable business?

Sal asked: Yeah, how do I get a bank loan? Do I need a business plan? Where do I begin? Please help, Thanks.

Do you have to have good credit to get a small business loan?

April D asked: I am going to start an online business that requires me to bascially pay someone to maintain and run a website. The site will be ad supported, but I need a small business loan to get it up and running. Does my credit have to be excellent? If I [...]