[Boards: 3 / a / aco / adv / an / asp / b / biz / c / cgl / ck / cm / co / d / diy / e / fa / fit / g / gd / gif / h / hc / his / hm / hr / i / ic / int / jp / k / lgbt / lit / m / mlp / mu / n / news / o / out / p / po / pol / qa / r / r9k / s / s4s / sci / soc / sp / t / tg / toy / trash / trv / tv / u / v / vg / vp / vr / w / wg / wsg / wsr / x / y ] [Home]
4chanarchives logo
Big Loan - 2nd Mortage
Images are sometimes not shown due to bandwidth/network limitations. Refreshing the page usually helps.

You are currently reading a thread in /biz/ - Business & Finance
Thread replies: 2
Thread images: 1
Anonymous
Big Loan - 2nd Mortage 2016-02-18 03:30:05 Post No. 1098832
[Report] Image search: [Google]
File: images.jpg (31 KB, 469x314) Image search: [Google]
images.jpg
31 KB, 469x314
Big Loan - 2nd Mortage Anonymous 2016-02-18 03:30:05 Post No. 1098832 [Report]
Does anyone know how hard it is to get get a large loan? I want about 400k for a business idea but obviously I cant just waltz in and get it, I've got a 150k in savings and the loan would be for heavy plant like trucks and generators so can it be secured against them ? Or will I need something like a house to sign over? My dad does have a 500k house and said he could act as guarantor , if he did that could I find a bank to literally just give me 3-400k cash? Although realistically I don't think I could ever do that to him.
>>
Anonymous 2016-02-18 22:20:31 Post No.1100162
[Report]
Anonymous 2016-02-18 22:20:31 Post No.1100162 [Report]
You almost never want to sign over personal guarantees for a business. Especially not a home. Its not a very good yolo.

Go talk to the Small business Association rep at your local chamber of commerce. They will help solidify your business plan for a lender/partner presentation.

If its an existing business that you're doing a value added play the SBA guarantees loans up to 20M without special consideration or accounting.
A new business can get 5 Million with the proper paperwork.
Thread replies: 2
Thread images: 1
banner
banner
[Boards: 3 / a / aco / adv / an / asp / b / biz / c / cgl / ck / cm / co / d / diy / e / fa / fit / g / gd / gif / h / hc / his / hm / hr / i / ic / int / jp / k / lgbt / lit / m / mlp / mu / n / news / o / out / p / po / pol / qa / r / r9k / s / s4s / sci / soc / sp / t / tg / toy / trash / trv / tv / u / v / vg / vp / vr / w / wg / wsg / wsr / x / y] [Home]
All trademarks and copyrights on this page are owned by their respective parties. Images uploaded are the responsibility of the Poster. Comments are owned by the Poster.
If a post contains personal/copyrighted/illegal content you can contact me at [email protected] with that post and thread number and it will be removed as soon as possible.
DMCA Content Takedown via dmca.com
All images are hosted on imgur.com, send takedown notices to them.
This is a 4chan archive - all of the content originated from them. If you need IP information for a Poster - you need to contact them. This website shows only archived content.