Archive for July, 2008

What is the most important factor in getting a business loan?

princessin_bluejeans asked: I am in the process of writing out my business plan for a start up company, of course I have very little capital and am considering a business loan. What would you say is the most important factor in getting a small business loan of say $15,000. I have no previous financial statements [...]

am i better off paying all cash for a bmw or financing half of it with a bank loan or dealer loan?

good looking asked: what is the best option?. this is my situation. i enough cash to pay for the sale price butt i want to get a warranty that i dont have cash for.. so should i just finance half of it and pay 50 percent downpayment? should i get a bank loan or a [...]

How difficult to obtain small business loan?

Would asked: Let’s say I want to start a small investment firm. I have a decent credit score (680-700 FICO) and reasonable outstanding debt (about $9,000 total). I also have a steady job making $55k now. I want to borrow $50,000 to start my side-project. How difficult is it to get [...]

How Soon Can I Take Out a Home Equity Loan or Refinance After a Cash Purchase of a Foreclosure?

don c asked: The house is only 10k. So if I pay 10k cash, how fast can I do a home equity loan for that 10k? I need to make repairs as it is a foreclosure in poor condition. Can I do a refinance loan and get more than I even paid for it if [...]

Are you more likely to get a small business loan if you have a degree?

Manny asked: Is a person more likely to get a small business loan if he/she has a masters, bachelors, or even an associates degree? Answers preferably from experience or bank worker.

How 2 solve for potential amount of credit available for home equity loan?

Richardsbabygirl asked: Here is the problem: Ramon owns a home that was appraised for $132,600. The balance remaining on his existing mortgage is $43,260. Ramon’s credit union is willing to loan an amount up to 70% of the appraised value of a home. Based on this information, what is the maximum potential amount of credit [...]

How can I get a business Loan?

roddy414 asked: I am twenty years old and I need a loan for about 10,000 dollars. My credit history is excellent for my age. The only problem is that I have no collateral to show any bank. My guarantee to pay is the hopeful success of the business I am trying [...]

I want to start my own business, how can I get a business loan?

selena r asked: I’ve been a District Manager for a sunglass kiosk in several malls. I’m ready to open my own kiosks selling crystal jewelry. I estimated getting a business loan for $3000-$5000. I went to a bank and they said, because I’m only 23 I will need a cosigner because I [...]

is there anywhere i can get a home equity loan with bad credit?

jmpoct03 asked: my boyfriend and i have bad credit but we own a $85,000 home with no mortgage. the house is paid for. we were looking into getting a home equity loan to pay some back bills off and do home improvements. is there anywhere that we could get a loan even with bad credit?

Planning to buy a new car, Bank loan or Dealer loan?

GreatJL3 asked: I am planning to purchase a new car from toyota….i heard that auto loans that are not from the dealer have a way lower apr rate (capital one or HSBC). What would be the best way to go? loan with the dealer or a bank.