Business Loan.?

0 ⤊

what is the average APR for biz loan and for how many years you can get .(is it like house 30 years?)what is the Max.
I dont have house ,car pmt. have $7000 credit debt, score about 760. also is it worthed to buy an existing biz if you are in the same field.?

2007-02-23 04:20:10 · 1 answers · asked by SHALO 2 in Business & Finance ➔ Small Business

1 answers

7-8% is pretty common right now - that's what I am set at. If you are purchasing real estate you will be able to get a longer term loan (like a house) otherwise you will have a hard time getting anything longer term without a lot of collateral. If you get a good deal on an existing business and that business has a good rep, then it would be a great idea to buy it.

2007-02-23 05:03:59 · answer #1 · answered by SRe07 2 · 0⤊ 0⤋