Results 1 to 8 of 8
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12-04-2019, 11:52 AM #1
- Join Date
- Oct 2012
- Posts
- 142
Question or Loan Structure
Any suggestions on a merchant paying interest only for (6) months on a loan, with their bank taking out the balance at the end of (6) months?
Thanks!
Howie Dane
President
Funding Sources for Business
president@fundingsourcesforbusiness.com
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12-04-2019, 12:02 PM #2
What are you asking here? This is a partially amortized loan
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12-04-2019, 12:06 PM #3
- Join Date
- Oct 2012
- Posts
- 142
Yes, exactly-
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12-04-2019, 12:54 PM #4
- Join Date
- Feb 2017
- Posts
- 3,475
Loanme gets you pretty close to that. It's does as simple interest over the long term of 10 years, so the monthly payments are low. Otherwise, business credit cards.
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12-04-2019, 01:21 PM #5
- Join Date
- Jun 2017
- Posts
- 2,049
INterest only then a balloon payment.
24 months, 36 months. alot of people do these
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12-05-2019, 09:15 AM #6
- Join Date
- Oct 2012
- Posts
- 142
Thanks, any quick suggestions?
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12-05-2019, 10:44 AM #7
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 733
Easy if they have real estate with equity
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12-05-2019, 02:40 PM #8
- Join Date
- Oct 2012
- Posts
- 142
Thanks guy, but there is no equity involved. They just need to pay the interest only for (6) months and their bank will take out the balloon payment.
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