Southerner
New member
I need $125,000 to buy a small business. The banks terms are 20% down, which is land collateral appraised at $50,000, the loan payment will be about $1,000 a month, plus the closing costs are going to run about $1,800. I don't know much about this stuff but that doesn't sound like a good deal to me. I thought what with this recession and all prices, fees, and terms would be much lower. There has to be a better option out there. Can anybody tell me of a lending agency that offers better terms than these?