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a loan that is used only for opening or operating a business not for household or personal use. usually since they are for such a large loans they need to be secured with some sort of real state security, lets say taking a 1st mortgage if you have already paid it off or a 2nd if you have enough equity.
What else can I help you with?
In general would interest rates for a personal loan be lower or high than those for a business loan?
In general the interest rates for a personal loan would be higher than for a business loan. The risk of losing money with business loan is not as high as with personal loan.
What kind of loan do you need to purchase a piece of a small business?
You may either apply for a small business loan or a personal loan. Google small business loans
You cosigned on a loan without mu spouses knowledge - Have you rished his business?
You are responsible for co signing the loan. If you are partners with your husband in his business, have a loan together on the business, then yes, the business becomes an asset that could be attached if the loan you cosigned on should be defaulted on.
Can you use a personal business loan for your small business?
Yes, you can use a personal business loan for your small business, even though you might need to consider a small business loan for those purposes. Personal business loan rates are also higher.
What legally constitutes a business loan?
A loan is the agreement of lending money, usually with interest, and a plan and a date to repay it. There are many subcategories of loans that do not have separate legal definitions. A business loan is a loan granted for the use of a business.
I can't pay my employees what can i do?
You might want to take a loan. If you business is a store or something that sells merchandise, consider raising prices slightly. If it is a small business, consider moving offices into a home office or at a friends place.
In which two ways do business compete?
location of the business and merchandise
Do you need a business permit to sell merchandise at a convention?
No it is not necessary to have a business permit or license to sell merchandise at any kind of convention.
Can You Claim A Business Loan?
No, a business loan is not a prize, it has to be negotiated on the basis of a business plan.
Is it a good idea to handout Business Promotional Merchandise ?
Yes Business Promotional Merchandise is a good idea,the cost of the item is outweighed by the advertising a company can get.
Discuss how important customers are to a business?
If a business does not have customers then how is the business supposed to get money and pay for the merchandise.
How do you start a retail business?
You start a retail business by finding a source for reasonably priced merchandise that you can sell at a profit. You then need to find a place to sell the merchandise.
Is a bank loan a financial asset?
Bank loan is a liability for business not an asset for business.
In general would interest rates for a personal loan be lower or high than those for a business loan?
In general the interest rates for a personal loan would be higher than for a business loan. The risk of losing money with business loan is not as high as with personal loan.
What is the price at which a business purchases merchandise is called the?
cost
What kind of loan do you need to purchase a piece of a small business?
You may either apply for a small business loan or a personal loan. Google small business loans
Can you sell a business to your spouse to qualify for a minority business loan?
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.
