what do you think the interest rate would be for someone who has good to excellent credit?
2007-12-01 21:32:49 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Sure. You would need some form of collateral and your interest rate would depend upon the risk. I would guess your rate would be higher than the current Prime Rate.
2007-12-01 21:53:37 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Probably for a business loan, if you have sufficient assets or if the business acquires something of value for collateral. Although I think banks would consider any amount as long as they felt you were a good risk and would be able to repay it (based on assets and income). Not sure what the interest rate would be, that probably depends on what the loan is for and your credit worthiness.
2007-12-01 22:03:36 · answer #2 · answered by Alan S 6 · 0⤊ 0⤋
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Yes, banks have loans that high for debt consolidation, businesses, anything. You would need to secure the loan by using collateral.
2007-12-02 00:59:44 · answer #3 · answered by Legend 4 · 1⤊ 0⤋
A friend of mine cosigned for a $200,000.00 loan for his son...
2007-12-01 21:45:16 · answer #4 · answered by DontWorryBoutMe 2 · 0⤊ 0⤋
depends on your assets and income
2007-12-01 21:35:42 · answer #5 · answered by dawson_brister 3 · 0⤊ 0⤋