Borrow Cash Online Loans Resources

QAtoday asked:


I borrowed $100k from Trade Capital Company several months back, just to hold the money on deposit to build credit. After a few months the loan showed up on experian. The money is deposited in my name so that doesn’t hurt my balance sheet either.

Now Trade Capital is offering to post the cash as collateral with any major bank that will refinance my existing loan with Trade Capital. This sounds good, but I don’t want a new loan, I want a line of credit to refinance my old loan.

Has anyone had a good experience with a bank that understands cash-secured lines of credit? Trade Capital has recommendations, but I want to see if anyone else has others.

Serious answers only, please! Thank you!

toronto06 asked:


Currently I’m working at a telemarketing job that I absolutely can not stand but pays very well. I want to start my own personal training business. Right now I’m in the position that I can either take out a bank loan and get all of my certifications needed and start the business, or I can stay at the job I’m in now and put off the business, and earn money. I’m young (24) and I’m wondering if its a good idea to do it now or put it off for a bit. My heart really is not in my current job. My background is in weight loss and nutrition. Also I’m just about to move into a new home with my boyfriend, I had been out of work for about 3 months prior to the job I have now. I can survive off the bank loan for a couple months but it would mean giving up the job I have now to pursue the other career. part time isn’t an option at my current job, I’m fairly sure it would be easy to get a personal training job while I start up my business. Any advice would be great thanks

sean r asked:


I need about $10,000 in next few months - which is better, taking out a 401k loan or doing a seperate bank loan… with these in mind…
401k loan - $10,000 at 5% over 3 years
Bank loan - $10,000 at 5% over 3 years

Lets compare apples to apples on this, same interest rate and same amount… what are the tax advantages or disadvantages (when i repay the 401k loan i pay it with after tax money so that is a mark against the 401k loan), short term benefits, long term benefits, credit score hit, etc…

passion asked:


a: Inventory is purchased and paid for with cash, it is not purchased on account?

b: The firm takes out a short term bank loan to pay its overdue accounts payable.

c. A customer prepays in full for specially ordered merchandise that it will take 60 days to manufacture.

d. Inventory is sold at the firm’s normal 35% markup over cost.