I’m looking to use a broker to get a start-up business loan?
pm asked:
I’ve done a lot of research and found out that a conventional banks will not give me a business loan unless I have a existing business and personal loans are usually maxed out around 25k which is a lot less than what I need(100k), I’m a homeowner and have a excellent credit history but still didn’t qualify for a home equity line of credit I guess they are just a thing of the past so I started to contact business loan broker that are willing to approve me for the amount that I need 100% unsecured but the have a large fee, Around 10% to 15% of the amount you are borrowing …so the question is are these brokers legit companies and is there any other option out there where it will not cost me 10k just to get a business loan???
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I’ve done a lot of research and found out that a conventional banks will not give me a business loan unless I have a existing business and personal loans are usually maxed out around 25k which is a lot less than what I need(100k), I’m a homeowner and have a excellent credit history but still didn’t qualify for a home equity line of credit I guess they are just a thing of the past so I started to contact business loan broker that are willing to approve me for the amount that I need 100% unsecured but the have a large fee, Around 10% to 15% of the amount you are borrowing …so the question is are these brokers legit companies and is there any other option out there where it will not cost me 10k just to get a business loan???
April 18th, 2009 at 3:30 am
Hello Every One,
I am Brittany David by name, I live in Gege Shiselweni Swizerland , just a few weeks ago I was in
search for a loan of 50,000 Pounds, as i was running out of money for
feeding and my bills. I was scammed about 3,000 Pounds and I decided not to
involve my self in such business again finally A Friend
of my introduced me to a loan firm due to my appearance and doings. I made a
trial and I am most grateful am I today, I was given a loan amount of 20,000
Pounds by this great firm Joseph Micro finance Global Company manager by Mr.Joseph Matthew.
If you are in need of a genuine or legit loan or financial assistance and you
can be reliable and trusted of capable of paying back at the due time of the
funds I will advice you to, contact him via email ., And you will be free from scams in the internet. I
want to thank you once again for the happiness you gave to my family.
April 19th, 2009 at 9:08 am
the above answer is a scam, i got this answer too, i also got e-mail with the exact same wording. Don’t contact them, they probably won’t leave you alone.
April 19th, 2009 at 10:20 pm
The most common type of lender is the commercial bank, credit union, savings and loan companies, or investment companies. These lenders offer business loans, however, often times these loans must be secured. This could mean offering up your personal assets as collateral. Although, the business is yours to do with what you want, these loans are very risky to any un-established business. And that’s assuming you qualify. Unsecured loans, usually less than $100,000, are available to business owners based upon his or her personal credit history.
April 23rd, 2009 at 6:57 am
i don’t know… i would have find more information for you