Archive for December, 2008

What is the current interest rate for small business loan in Michigan?

Feeling Froggy asked: I have a project for my Intro to Business class and I need to know what the current interest rate for a small business loan is ($500,000) and I need the site the information can be found for reference. Please help, I have been everywhere here on the net and can’t find [...]

Can a small business get a business loan when the owners had past financial problems?

rwmalone2 asked: My Business partner and I own a plumbing company in Northern Virginia. We just started as a partnership in January 2007 and self financed a work van and all the equipment to get us up and running. However to be able to compete with the big boys we need a little more capital [...]

What is the difference between a 1st mortgage, 2nd mortgage, and home equity loan?

adamea5@sbcglobal.net asked: I am searching for financing to make home improvement repairs, I submitted a request for a home equity loan through lending tree. The lenders throwing out terms such as 1st mortgage, 2nd mortgage, and home equity loan.

Are there any finance companies that will give me a start up business loan?

Tall Lady asked: Does anyone know some finance companies other than banks that will help with a business start up loan for my retail store?

after bank gives loan can they call and say work reference doesnt check out?

59gal asked: okay daughter and bofriend got loan for 5th wheel camper and after papers signed and they got camper bank calls and says daughter doent work and they can repo camper can they do this?