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Updated over 16 years ago on .

User Stats

4
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0
Votes
Michael A.
  • New York
0
Votes |
4
Posts

Small Business Loan to get Started

Michael A.
  • New York
Posted

I was curious if anyone can help shed some light on a few scenarios that I am currently considering.

There is a great 2 family home opportunity but the issue is coming up with the 20% down payment.

Will a bank even consider a business proposal to try to get a small business loan to cover the entire cost of the house.. We can show that the rent will provide a small positive cash flow, and the house will appreciate due to work being put in to the house.

Or is it more common to get a loan for just the down payment amount and then get a mortgage to cover the rest of the house?

Thanks!