I’d like to inform about 1. Traditional Commercial Loan

I’d like to inform about 1. Traditional Commercial Loan

You must have a high credit score if you want to apply for a loan directly through a bank. You must also be able to wait up to six months or more for approval if you go this route. Nonetheless, if you should be authorized for a bank loan, you’ll receive reduced rates of interest (between 6-8%) which bring about reduced payments that are monthly.

It is possible to determine you’re first starting out whether you want to apply for a short- or long-term loan, but long-term loans aren’t usually ideal for start-ups because there are many unknown factors when. Continue reading “I’d like to inform about 1. Traditional Commercial Loan”