Foren » General » Any recommendations for a Small Business Working Capital loan?

soniabailey
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I applied through my leasing company on my equipment, and they got an approval through an outside bank of theirs (not them directly) but it needs to be paid off in a year...at what seems like a pretty high interest rate.

I'd like to try somewhere else.

yelidadala
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I know that this is a common problem in similar cases, usually people find out what the interest rate is, etc. Or hire a lawyer, and he already solves the issues, though it's expensive heh heh heh

donaldhuisam
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If the interest rate is too high, then it may be better for you to change the services of this bank and use another one. However, before that, it will be useful to take an advantage of the services of Mortgage Advice Newcastle, where you will receive advice on a loan for equipment and will be able to understand which bank will be more profitable for you to work with. It is best to investigate this issue in advance and then make a list of banks with a low interest rate and choose one. I believe that this will be the best scenario. I hope my advice will help you and you will be able to solve your problem and not spend a lot of money on paying unnecessary interest. I wish you good luck!