Business Loans Safe?

acesar · Nov 7th, 2007, 01:50 PM

I am in process of starting a business. We want to buy real estate and other businesses. WOuld it be smart to get a business loan for this and what do you guys think of the ads around the net for companies offering you "150k in 10 days for your business"?
Ex: http://newyork.craigslist.org/mnh/bfs/471516285.html

Im leaning towards using this as a source of opm to get started but wanted to see if anyones had positive/negative experiences or any comments in general, like what to be aware of.

Peter2 · Nov 7th, 2007, 02:14 PM

That company is just a regular mortgage company. Nothing special at all. They will shop you around to a lot of lenders just like any other company would do.

Nov 7th, 2007, 01:50 PM	#1 (permalink)
acesar Level: (15) Kia Joined: Oct 2007 Age: 26 Posts: 5 Thanks: 0 Thanked 0 Times in 0 Posts	Business Loans Safe? I am in process of starting a business. We want to buy real estate and other businesses. WOuld it be smart to get a business loan for this and what do you guys think of the ads around the net for companies offering you "150k in 10 days for your business"? Ex: http://newyork.craigslist.org/mnh/bfs/471516285.html Im leaning towards using this as a source of opm to get started but wanted to see if anyones had positive/negative experiences or any comments in general, like what to be aware of.

Nov 7th, 2007, 02:14 PM	#2 (permalink)
Peter2 Level: (6) Mercedes Joined: Aug 2007 Locale: Palm Beach, FL Posts: 424 Thanks: 11 Thanked 57 Times in 32 Posts	Re: Business Loans Safe? That company is just a regular mortgage company. Nothing special at all. They will shop you around to a lot of lenders just like any other company would do.

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