Quote:
Originally Posted by Cali Coug
I started a business and would be interested in borrowing up to $25000 for use in the business. I only want to do an unsecured loan, just in case!
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Do you want a loan or a line of credit?! Many business owners prefer the line of credit even though it has a slightly higher interest rate than a loan because credit needs always arise in a growing business... or a sinking business can use the funds too.
When going to speak to a business banker, make sure you ask them about origination fees, annual fees (either a flat yearly or a percentage of the line), it's nice to know if it's evergreen or not, etc. etc.
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