need to find a loan to purchase a business. I have a good down payment, however my credit score is low due to?
my credit cards having small limits 300 - 500, and the fact that I use them every month so my balances look high. I can't use prosper, because I live in New york state, and there is a cap on the intrest rates they charge so no one will bid. Any suggestions of legitimate places to borrow money from (Hard Loans, etc.)
- Honky KongLv 41 decade agoFavorite Answer
If you're in dire need of a loan, www.prosper.com is a viable alternative to a standard bank. You sign up at the web site, run through a credit check, and post a request for loan funding. Regular people can offer to fund all or part of a loan. Your interest rate is lower than at a bank. And it is legal: Clark Howard's mentioned it on his radio show.
And if nothing else, please avoid sending personal information to the people here that are offering you a loan. No actual, real banker has a Yahoo or GMail account with which they do business. They'll have an e-mail address with their bank. And they won't solicit business through Yahoo! Answers.
- Anonymous1 decade ago
You can check with the SBA for government grants, funding, but you may need to do some paperwork. From http://www.delg.org/
- ErikaLv 44 years ago
To get a private loan in case you're in undesirable debt is confusing. in view which you're saying you require for increasing your organization which has been thriving, there's a scope. you may submit an intensive project record and prepare its viability to the delight of the financial establishments, to get the loan.