Tuesday, April 16, 2013

Loan for Business: My husband and I are looking into? -

purchasing a mom and pop store. What do we need in order to get a loan? What is the loan based on, the qualifications for a loan, and is there a standard calculation that banks use to determine the amount we can borrow?Thanks! :-)

If your buying an excisting business, the bank will want to see its past trading figures. Speciffically its profit margin.It will also look at you and your ability to service the loan. There are guidlines that the bank follows but there is no standard calculation that covers everybody.Just a word of caution and I m not sure this is relevant to where you live but when you buy a business you also buy its debt. Make sure the vendor declares ALL debts so you don t get stung by a creditor that they have not paid.

hello i am Kimberly Wood from Texas here in US, I was so much in search of loan so I have to apply online since my bank cannot give to me and a friend of mine introduce me to Henry Mathew who is the managing director of helpers loan company,I apply for a loan and the loan was given to me so if you need loan I will advise you to contact him today via email helpersloancompany@yahoo.com

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