What’s the interest rate?

This is a question I get asked all the time. Here’s a simple answer. I don’t know!

Why do I say this?  Because:

Fees will vary greatly, depending on many factors. You will see all kinds of advertising with (Starting at, As low as, Your pre-approved, Etc) This is where you will always find a lot of additional costs added on. 

 I don't work like that. 

What I do is get the facts of the deal. find a lender, submit the deal, get a quote from the lender, and then submit the quote to you with all numbers. If you don't like the deal you don't take it. 

That way we are not dealing with a bunch of unknown factors or surprises. Each deal and borrower are unique. Credit scores, borrows experience, or lack of. The property, location, condition. Term of the loan, amount of the loan. ALL OF THESE HAVE A FACTOR on the interest rate. 

So please when dealing with any lender start with the facts of the request before you expect a lender to tell you how much it will cost.  It’s like buying anything, you can’t get the cost of the item before you have all the addons included. 

All of our time is limited and important so please, keep this in mind, even when buying something that has options.  

Thanks for reading and have a great day.

Ron

Acquiring Business Capital LLC