Low interest small business loans - Need a loan for to buy a motel for 10 k i have about 20% down payment we will be a first time buyer what will fit me best my credit score is 820 what kind of loan will be better for me to with fixed interest rate i don't have no knowledge about the loans can you please help. Obviously, a decent credit report is important, and you will have to follow the guidelines regarding the repayment period and the interest rate set by the government, but usually the interest rates charged by government loans are lower than those you could expect in the private sector. The online tools mentioned above should give you a fast start to your research, but i also recommend checking out lending club if you have an established small business, or a lender such as kabbage or ondeck if you're just getting started. Small business administration isn't a direct lender, but it does provide government backing so that riskier businesses can get financing through partner banks and credit unions, which are assured they will receive a portion of their money back even if you default.
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