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Updated 10 months ago on . Most recent reply

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Molly Jones
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What's the best business loan I can get?

Molly Jones
Posted

I have been learning a lot about investing in the U.S. but I am an American living in Thailand and actually came across an amazing deal here.

But I am short about $50,000 for it. I have a legal business in the U.S. that has been open 1.5 years and I'm wondering if anyone has any good recommendations for a personal or business loan that will give me the best rate for this purchase? 

Thanks!

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17,957
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Chris Seveney
  • Investor
  • Virginia
15,450
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17,957
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied
Quote from @Molly Jones:

I have been learning a lot about investing in the U.S. but I am an American living in Thailand and actually came across an amazing deal here.

But I am short about $50,000 for it. I have a legal business in the U.S. that has been open 1.5 years and I'm wondering if anyone has any good recommendations for a personal or business loan that will give me the best rate for this purchase? 

Thanks!


You can check to see if you qualify for a SBA loan but living in Thailand will not benefit you, also what type of business is it and is it generating revenue. One of the misconceptions investors have is they open a LLC for real estate and owning rentals and think they can get business credit, which would be like opening a LLC to trade stocks - business must be operating and generate revenue and EBITDA

  • Chris Seveney
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7e investments
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