Thursday, October 31, 2013

Where can I get a business loan with no upfront fee and fast release? and Phone Call with President about Student Loans

Where can I get a business loan with no upfront fee and fast release?



I have a good business but I need a loan for my expansion. I can provide bank statements and a collateral for this loan since I haven't fixed my credit yet.


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Answer by -
Listen very carefully. No matter what you read online on forums, on a website, a google search, the ONLY source for a loan will be directly from a bank. ANYONE else claiming to be a lender is just working as a broker and will take your information to banks for you, or they are scam artists. Just go apply to banks and credit unions yourself.

The problem it seems, is that you have poor credit. That automatically will get you denied for a business loan. By upfront fee, do you mean a down payment? Any bank will require you to provide at least 20% of the loan plus collateral. Oh, and none of them release the funds fast. The process usually takes around 60-90 days.

Sorry.

If it was so easy, wouldn't we all have business loans? All you'd have to do when you lose your job, is start a business and apply for a loan.


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Phone Call with President about Student Loans
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Image by MDGovpics
Governor O'Malley takes phone call with president about student loans by Tom Nappi at Governor's Office, State House, Anapolis, Maryland



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