0
Does SBA grant personal loans for unit owner of condo ASSOCIATION?
Wiki User
∙ 9y ago
Small Business Administration loans money to small businesses. Their forte is "debt financing, surety bonds, and equity financing."
Purchasing a unit in a common interest community -- unless it is a small-business centric, common interest community and a non-residential community -- may be problematic. Unless the association is a collection of warehouses or boat slips, and the unit ownership is a key factor in your business plan, you may not qualify.
You'll get your best answer from your local SBA office.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
Is a unit of a condo association able to secure a SBA loan if association rents out property?
No, a unit of a condo association does not have the authority to secure a Small Business Administration (SBA) loan. SBA loans are typically available to individual businesses, and not to individual condo unit owners or associations. It is important to consult with a financial professional or lender to determine the best financing options for the condo association.
What type of loans does the Franklin Bank grant?
The type of loans that Franklin Bank grants varies. This bank offers services and products that include, mortgage lending, car or auto loans, personal loans, small business loans, commercial loans and others.
Do you do personal loans?
No. info@elitegroupfinance.com does personal loans.
How do you get personal loans from government?
As far as I know, you cannot get personal loans from the government since they only provide business loans, Loans for Home Buyers and Loans for Higher Education. Personal loans
What happens for non payment on secured personal loans?
Personal loans
What is the maximum loan available through Provident Personal Credit?
Provident Personal Credit is a loans company based in the United Kingdom. They provide small cash loans ranging from £100-£500. They appear to be trustworthy and are backed by the Consumer Credit Association.
What type of loans does the MandT Bank grant?
There are four major loan types that M&T Bank specializes in. They are secured, unsecured, personal and auto loans. Auto loans are straight forward: These are loans that help finance a new or used vehicle. Secured loans are those that are borrowed against some kind of collateral (i.e. car or house), while unsecured are not. Personal loans are the most infrequent and range from funds for a business, to emergency expenses.
What is the scam on personal loans now?
There are many scams existing to do with personal loans
Are their websites where one can get personal injury loans?
There is a variety of websites where people can get personal injury loans. Upon searching for the term personal injury loans, google states that there are loans such as disaster laons.
What kinds of loans does the Tesco Bank offer?
Tesco Bank offers several types of loans. These are car loans, mortgages (home loans), and personal loans. Personal loans can be secured or unsecured.
What kind of loans does Halifax offer?
Halifax offers a variety of loans to its clients. They offer both personal and commercial loans. A sampling of the loans that they offer are: Residential Mortgage Loans, Home Equity Loans, Auto Loans, Personal Loans, & Commercial Loans.
Personal loans should have a lower interest rate than student loans.?
Personal loans should have a lower interest rate than student loans.
