How do you get a small business loan with fair credit and without owning the physical property?
I want to pay off everything owed on the business so that I just have one payment per month to worry with. However, the only collateral that I have is my equipment in my shop because I rent the building.
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Tags: Business Credit, Collateral, Small Business Loan
rent property | , 19 Jun 10
By Great M, June 19, 2010 @ 8:21 am
If you do not have a bad credit getting business loans are easy. It is generally seen that bad credit acts as an obstacle in the smooth running of a business. Are you also facing the same problem? No need to worry, as bad credit business loan is here to solve all your problemsbusiness dealings is bad credit business loans. You can maintain your perfect credit score as long as you pay off your installments in time. This credit score improvement can enable you to avail any future loan with better terms and conditions.
By Damn_ I'm_good, June 19, 2010 @ 7:40 pm
SBA Loan thru your local bank
The federal government can guarantee up to 80% of the loan, and the local bank underwrites the rest.
Its a TON of paperwork and time, but OH is it worth it when the loan comes through.. Dont let the banks or anyone else talk you out of it…
every other answer you see above me is a come-on or a potential loan origination fee scam….