Question

What are the best options of taking out a business loan for 500K?

Is the VA loan program an option for this amount? This is considering a decent credit rating, aprox 50K down and solid business plan.

1 year ago - 2 answers

Best Answer

Chosen by Asker

I thought the VA loan only applies to the purchase of a house? In fact, I'm pretty sure it does but I may be wrong.

The SBA via the banks has a program for veterans, where I think they ignore your credit, but $50k is not a large enough down for a $500k loan. You need around 30%, and collateral.

1 year ago

Other Answers

You could always try going on SharkTank the TV show on ABC

by Marc - 1 year ago