Financial Loan/Small Business Question

NySportsfan

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Jun 26, 2002
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Long Island, NY
dawgball, good points, thanks. When you say, "BOA will only loan 75% where suntrust would loan 85% with a lower interest rate" does that mean that is the % of your portfolios worth theyll lend you? The one thing I was wondering also, my investments are conservative so this isnt going to happen, but lets say you had 5k collateral of investments and borrowed 4k, the investment value somehow plummeted now the bank is relying on you, i'm sure they check the investments and make sure it's ample collateral, but I'm just looking for a few thousand dollars for a little side thing so I dont have to use my own money, figuring I can leverage some investments and produce more than the loan amout, any other helps appreciated guys

Mike
 
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