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Business Bank Loans - advice
piedpiper_2
Posts: 3 Newbie
in Loans
Does anyone know what the average monthly repayments would be on a business loan for around £150,000? I am just looking for a ball park figure.
Thanks
Thanks
0
Comments
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It depends on the type of loan but i would budget £1750The best work is the cheapest as the quality remains long after the price is forgotten0
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How long over?Gwlad heb iaith, gwlad heb galon0
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About 20 years0
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Do you have business experience?
Would you have something to secure the loan to? - I can't see a bank lending you that amount of money unsecured.
You also won't get a 100% loan - how much are you putting in?
The capital repayment would be at least £625 with the interest on top.(another £680 or so per month)0
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