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by Jack_Snell

Question by Cranberrydude: Can you take segmentary commercial loans from a bank?
Like take a small loan(let’s say $ 100-200) for starting the business very first stuff, and then take another loan after few months (of about $ 1,000-5,000) to buy the rest.

P.S. for a starting small business.

Best answer:

Answer by Chris D
you should know your total cost for starting a business, plan on putting down 20%. Go to www.sba.gov it is a good website with a lot of answer to help start up businesses. then go to your bank and ask to speak to a business banker and ask them for a little help.

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Question by : Can you take out a personal loan to pay off sale of home?
If I sell my home for less than what I owe the lender, am I allowed to take out a small personal loan to pay them?

Best answer:

Answer by Jim L
If anyone will give you a loan to do that, you could. It would be very difficult to get a loan from anyone for that purpose.

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by MANILA IMPERIAL MOTOR SALES . . . .

Question by Jen: Is it smart to take out a personal loan to pay off credit cards?
I’ve been thinking about taking out a small personal loan to pay off my 3 credit cards and my 2 department store cards. do you think it’s a good idea to do so? would it just be wise to continue paying off my credit cards monthly? it’s just a thought that came in my head and was just wondering if anyone else has ever taken out a personal loan to do so.

Best answer:

Answer by boatwrecker40
YES, by all means pay off the credit cards. Personal loans are much lower interest rates and better credit for you in the long run.

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