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Can you sell a business to your spouse to qualify for a minority business loan?
Wiki User
∙ 9y ago
You can sell your business to your spouse and if she is a minority, then she may be eligible for a minority business loan. You must ask the loan officer if the person has to be the owner for a certain amount of time before they qualify for the loan.
Wiki User
∙ 9y ago
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When a co signer on a business loan dies is the estate responsible or is the other business owner liable for paying the loan?
It depends on how the business and the loan are titled. If the business is a partnership, the business may be responsible for paying the loan. If the borrowers signed as individuals the surviving signer may be able to make a claim against the estate. You should consult with an attorney who can review the loan and any business documents and explain your responsibilities and options.
Where do businesses get money from?
They get a small business loan.
Can a VA loan be used to start a business?
yes
What is primary business?
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Show an example of a business contract?
I am not a business owner but I am trying to get an investment loan from a business what kind of contarct should i have to present to them
Does My Business Qualify For A Business Loan?
In case your enterprise is running for over 3 months with at the least $5,000 in bank deposits per month, you qualify to apply for a business loan.
Do I Need A Cosigner To Get A Business Loan?
In case your cosigner has an excellent credit score and is a relative or closely affiliated with your business, this can help you qualify for a business loan.
How does one qualify for a Veteran Affairs VA loan?
To qualify for a VA loan, you must be a veteran, active duty, or the spouse of someone who died on active duty. You must live in the home you want a loan for, and have a steady income and good credit.
How do you know if you qualify for a business loan?
The organisation you applied to will let you know.
What do I need to qualify for a first time business loan?
A good credit history is a good way to qualify for a business loan. There are also unsecured loans for bad credit that can be obtain by showing proof of collateral.
Will the bank ask you if your married for a home loan?
Yes, since spouse should be on mortgage & can help you qualify for more.
Can you get a loan from the bailout?
No, the bailout is meant to allow funds for business and banks to operate on credit. You would have to qualify for a loan.
What is the use of a miniorty small business loan?
The use of a minority small business loan is to give a small business a small amount of money which later will have to be re payed. These are mostly used when a business starts out.
Does My Small Business Qualify For A Cash Advance?
In case your small business is going for over 60 days with at least $10,000 in bank deposits per month, you qualify to apply for a business loan.
Can I qualify for a VA backed home loan again?
Typically a VA loan is only available once per individual. If you have a spouse who is a veteran and has not used a VA loan, he or she may be able to take out a loan under his/her name.
If you are married can you apply for a first time home buyers loan if your spouse owns home?
Yes, if you are not on the current loan and will be the primary borrower on the new loan you may qualify as a first time home buyer.
Can you qualify for a business loan if you have bad credit?
Qualifing for a business loan with bad credit can be very difficult. It takes a long time and hard work but it can be possible though.
