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Question
How do small business loans work? How do I go about getting one, what are the steps, interest rates, if my business shuts down how do I pay the loan back, ect... I have no idea how these work, any information would be great, thanks!
By Katie Posted on 06/16/08 Total Answers 1
Answers-
There are SBA lenders (banks) that deal with small business loans. You will need to put up some collateral, generally your house or other personal asset. Interest rates vary. Go in an talk with an SBA officer, they can explain it all to you.
Answer by : Tim On Date 2008-06-16 10:35:30

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