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re: Commercial Business Loans
Posted on 2/21/13 at 5:01 pm to Chad504boy
Posted on 2/21/13 at 5:01 pm to Chad504boy
I started talks only yesterday with Iberia for a commercial loan of about 700k to 1m for 3 investment/rental properties . I'm handling the inquiries as an equity loan or construction loan (for 1 vacant land lot) because I have that amount of equity in the properties. I hadn't thought about an SBA loan but would be interested to find out. I'll lay that scenario on the loan officer and tell you what I come up with. The intricacies of financing and different available methods are not my strong point, but I keep learning all the time so I'll share.
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