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Business Loan.?


what is the average APR for biz loan and for how many years you can get .(is it like house 30 years?)what is the Max.
I dont have house ,car pmt. have $7000 credit debt, score about 760. also is it worthed to buy an existing biz if you are in the same field.?

7-8% is pretty common right now - that's what I am set at. If you are purchasing real estate you will be able to get a longer term loan (like a house) otherwise you will have a hard time getting anything longer term without a lot of collateral. If you get a good deal on an existing business and that business has a good rep, then it would be a great idea to buy it.

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