OVERNMENT
SMALL BUSINESS LOANS are an option for getting money for a startup
outside of angel investment, private investment or conventional
lending.
The government helps create small business loans by working with
lenders to provide financing for those that would otherwise not
obtain a loan.
While a government
small business loan or grant is one option, it is not possible
for everyone. We recommend also considering home equity as an
option for financing part of your startup company. Home equity
loans have many advantages.
Home equity loans
have tax deductible interest payments and they are usually far
easier to obtain. The tradeoff is that they are for smaller
loan amounts and you place your home at some measure of risk
if you cannot make payments.
We recommend coming up with as much capital as you can from
partners or investors and also taking out a home
equity loan for a reasonable portion of your startup costs
to get your business off the ground.
Government small business loans are the first thing to ask
a lender about because special programs exist that you may be
able to qualify for. However, because most borrowers run into
trouble trying to get their first small business loan we recommend
considering alternatives such as home equity.
Common Questions:
1 Why
use a home equity loan in place of a government small business
loan?
You may have trouble obtaining
a government small business loans because of the rigid
requirements placed on who the government will loan money
to. Home equity loans are tax deductible and easier to
obtain for small business ventures.
2 Where
can I find help getting a government loan?
The SBA (Small Business
Administration) has a great deal of online information
about obtaining business loans and the options the government
offers to help you get your business off the ground.
3 Are
there home equity loan limits?
Typically the limit on a
home equity loan is the amount of equity you have in your
home. We recommend using only a portion of your equity
in place of a government small business loan.
Home
Equity Loans Taking out home equity loans
now at these low interest rates can save you thousands over
the life of your loan. When you apply we will perform a free
search of our database of lenders to find you the best price.
Refinancing If you haven't recently refinanced or your
credit has improved, you might be able to get a better rate on your
current home loan. We offer a no obligation evaluation of your finances
to see if now is a right time refinancing your home loan.
We also offer a free refinancing calculator with break even date
analysis.
Home
Loans Home loans have never been simpler
than through LendingExpo. We offer free mortgage amortization
calculators and up to four competitive no obligation interest
rate quotes. Applying is easy and many of our lenders have
special first time home buyer programs.
Need money to finance
college or make home improvements? Home equity loans do not have to put
your home at risk and they can offer significantly better interest rates
than other forms of loans. Some home equity loans even have tax deductible
interest payments...
Mortgage refinancing
is simply the process of replacing your current loan with a new loan at
a lower interest rate. Refinancing has been all the craze in the past five
years. But even those who refinanced as a short as three years ago are finding
they can save more by refinancing yet again...
Wondering
how much home you can afford? We explain how lenders evaluate your spending
power and provide you with up to four home loans quote. You can also instantly
estimate your monthly home loan payments online using our free calculators...
Want to make a smaller
down payment? FHA home loans are geared towards buyers who do not have the
capital to make a traditionally large down payment on a new home loan. Qualifying
is generally easy for most applicants...
Graduates this year
can undoubtedly find lower interest rates on their student loans, refinancing
is the means to take advantage of them. Get a free no obligation quote and
start saving today...
First time home buyer programs can offer a break for
many individuals who need help coming up with down payment money or simply
home home buyers with good credit deserving of a lower interest rate.
Many of our lenders offer these programs and are happy to see if you qualify...
