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What else can I help you with?
Are all car loans simple interest?
No, not all car loans are simple interest. Some car loans may have compound interest or other types of interest structures.
Which banks give out small business loans?
Many banks give out small business loans such as Bank of America, Chase, and Wachovia.
What banks offer loans that are interest only?
Interest Only Fixed Rate Loans. These mortgages require only interest payments for 10 years. All of the major banks have these type of loans like PNC Bank or Chase.
Are chase mortgages for homes or cars?
Chase Bank does both home mortgages and car loans. They also have other financial services such as business loans, credit cards and home equity loans.
What monthly interest rates are offered on chase student loans?
There are different type of loans ranging with different monthly interest rates. If you're looking for a chase student loan, it is best to consider all options and verify that the plan is appropriate to you.
What is the best bank for small business loans?
There are a number of bank options for small business loans. Chase, USAA, and Bank of America are 3 of the leading banks.
Can you write off interest from business loans?
you can claim interest on business loans as a deduction in most cases. Just need to specify what the loan is for and whether there is a direct link between the loan and earning business income.
Where can one find more about SBA business loans?
More information on SBA business loans can be found on the SBA government website. Banks like Wells Fargo and Chase also give an explanation of what SBA business loans are.
Is it permissible to charge interest on interest?
Charging interest on interest, also known as compound interest, is generally permissible and common in financial transactions such as loans and investments.
Are small business loans from the bank typically offered as fixed or variable interest rates?
Small business loans from banks are typically offered with fixed interest rates, meaning the interest rate remains the same throughout the life of the loan.
Who can one approach for a new business development loan?
Business loans are available from most major banking institutions. Citi Financial, Chase, HSBC, and Bank of America all make business loans. The website "SBA" has tips for getting these type of loans.
What is the average interest rate for a small business loan?
The interest of a small business loan depends on the size of the loan. For loans under $100 000 the interest rate is seven to eight percent and for loans over $100 000 the interest rate is six to seven percent.
