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Home Equity Loans Could Boost Your Small Business - NerdWallet
With traditional business loans often difficult to obtain, some small business owners instead turn to their biggest asset for cash: the equity in their homes.
Statistics show that banks have pulled back hard on small business loans since 2008. Lending declined by $116 billion, or nearly 18%, from 2008 to 2011, according to a U.S. Small Business Administration (SBA) study.
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The agreement may be only verbal or not notarized. This can pose a serious issue that could lead to both of you facing each other in small claims court. The outcome could be disastrous especially if the non-lending partner is on the deed to your business.
You could lose a lot of time and money invested she the case go to court. By choosing a financial...
Related topics : commercial mortgage loan interest rates / commercial loan mortgage payment calculator / current commercial loan mortgage rates / commercial mortgage loan amortization calculator / commercial loan mortgage rates
When To Use a Credit Card to Fund your Business
Best for Flexible Rewards: Amex Business Gold
*For an overview and in-depth recommendations of the best business credit cards, check out our guide .
When You Should Consider Credit Cards For Financing Your Business
As the table above illustrates, credit cards are a cheaper form of financing than almost everything except traditional and SBA bank loans . However, bank loans generally require that...