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Is there an equivalent of Private Mortgage Insurance (PMI) for business loans? Are there thresholds for business loans - like there are for personal loans - below which one incurs penalties like PMI that make it impractical to get a low down-payment loan?
By yosoyamar Posted on 09/24/07 Total Answers 1
Answers-
no PMI on commercial loans many commercial lenders want 20-305 down there are exceptions on course but as a rule no pmi bussiness loans are case by case you can get a commercial lender to lend a portion and a SBA loan for the rest! on commercial loans with less than 30% down this is what is normally done! there are many options for commercial borrowers here is my pick for commercial money!
Answer by : pearlmel On Date 2007-09-24 10:45:45

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