Small Business Bank Loan

Topics:
Bank Financing
Tags:
Finance,
Financial Planning,
Free Trade,
Personal Finance,
Small Business,
Taxes
Source:
dart-creations.com

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Overview: Commercial loan rates are indeed a source of confusion for lots of business owners. There are lots of variables in determining these rates, including the type of business, loan-to-value, length of loan, credit scores, how long rates will be fixed, stated income or tax returns used to qualify, assumable loan or not assumable, and whether recall or balloon features are included/excluded. If a small business borrower is interested in getting the lowest rate, this will usually be found in a short-term bank loan that has recall/balloon terms and other generally undesirable features. Although this kind of loan might have the lowest rate, it will not necessarily have the "Best" rate.

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Format: HTML | Date: Jan 2009 | Pages: 3

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