Posts Tagged ‘Cash Loan’
Start up is 400k. Is 25% cash down enough to secure a loan? ?
curtism1234 asked:
I’m looking to start a business in the next 5 years. The start up cost would be estimated at $400,000.
I’m looking to start a business in the next 5 years. The start up cost would be estimated at $400,000.
If I had $100,000 cash as down payment, excellent credit, no other debt, a solid plan, etc —- what are the chances of getting a loan for 300k?
Do I need more money down?
Could I get by with 50k down and a 350k loan?
I know most people looking for a business loan don’t ask for this amount. So I’m curouis what exactly a little guy like me needs?
house contingent on loan approval vs. under contract?
jayme asked:
I posted earlier about a house I want that shows as contingent in the status area. I called the listing agent who said the contingency is on loan approval. Aren’t almost all houses (unless you pay cash) contingent on loan approval? Why not just put the status of the house as contract pending instead of contingent? Thanks for any insight you can provide.
I posted earlier about a house I want that shows as contingent in the status area. I called the listing agent who said the contingency is on loan approval. Aren’t almost all houses (unless you pay cash) contingent on loan approval? Why not just put the status of the house as contract pending instead of contingent? Thanks for any insight you can provide.



