I'm thinking about buying a small business and looking into

Thread replies: 6
Thread images: 1

Anonymous
2016-04-01 02:06:39 Post No. 1171229
[Report] Image search: [Google]

File: Black Men Only.jpg (242 KB, 1080x1133) Image search: [Google]

Anonymous 2016-04-01 02:06:39 Post No. 1171229 [Report]

I'm thinking about buying a small business and looking into some business loans.

Is 5.7% interest a good rate for a small business loan? What is the standard interest rate for a small business loan?

This is in Canada, but I assume it's pretty similar in the US.

>>

Anonymous 2016-04-01 02:24:58 Post No.1171246
[Report]

Anonymous 2016-04-01 02:24:58 Post No.1171246 [Report]

>>1171229
I'm not sure what a "good" interest rate is but that % is cutting directly into your NOI so that seems rather steep

>>

Anonymous 2016-04-01 02:31:42 Post No.1171253
[Report]

Anonymous 2016-04-01 02:31:42 Post No.1171253 [Report]

>>1171229
>buying a brick and mortar
>in 2016

pls

I hope you're 40 or something

>>

Anonymous 2016-04-01 03:20:11 Post No.1171303
[Report]

Anonymous 2016-04-01 03:20:11 Post No.1171303 [Report]

>>1171253
He never said anything about a brick and mortar. He could be purchasing inventory from one of those ali sites. Hell he could be trying to buy ETH.

>>1171229
4.5% is more ideal, but I don't feel like your rate is unmanageable. Shop around for rates and make sure your math is right when you make budgets.

>>

Anonymous 2016-04-01 03:21:15 Post No.1171304
[Report]

Anonymous 2016-04-01 03:21:15 Post No.1171304 [Report]

Post more senpai

>>

Anonymous 2016-04-01 03:27:10 Post No.1171310
[Report]

Anonymous 2016-04-01 03:27:10 Post No.1171310 [Report]

>>1171229
Need you to answer a few more things for me, OP

Term? Amortization? Loan size?