a loan that is used only for opening or operating a business not for household or personal use. usually since they are for such a large loans they need to be secured with some sort of real state security, lets say taking a 1st mortgage if you have already paid it off or a 2nd if you have enough equity.
In general the interest rates for a personal loan would be higher than for a business loan. The risk of losing money with business loan is not as high as with personal loan.
You may either apply for a small business loan or a personal loan. Google small business loans
You are responsible for co signing the loan. If you are partners with your husband in his business, have a loan together on the business, then yes, the business becomes an asset that could be attached if the loan you cosigned on should be defaulted on.
Yes, you can use a personal business loan for your small business, even though you might need to consider a small business loan for those purposes. Personal business loan rates are also higher.
A loan is the agreement of lending money, usually with interest, and a plan and a date to repay it. There are many subcategories of loans that do not have separate legal definitions. A business loan is a loan granted for the use of a business.
You might want to take a loan. If you business is a store or something that sells merchandise, consider raising prices slightly. If it is a small business, consider moving offices into a home office or at a friends place.
location of the business and merchandise
No it is not necessary to have a business permit or license to sell merchandise at any kind of convention.
No, a business loan is not a prize, it has to be negotiated on the basis of a business plan.
Yes Business Promotional Merchandise is a good idea,the cost of the item is outweighed by the advertising a company can get.
If a business does not have customers then how is the business supposed to get money and pay for the merchandise.
You start a retail business by finding a source for reasonably priced merchandise that you can sell at a profit. You then need to find a place to sell the merchandise.
Bank loan is a liability for business not an asset for business.
cost
In general the interest rates for a personal loan would be higher than for a business loan. The risk of losing money with business loan is not as high as with personal loan.
You may either apply for a small business loan or a personal loan. Google small business loans
You are responsible for co signing the loan. If you are partners with your husband in his business, have a loan together on the business, then yes, the business becomes an asset that could be attached if the loan you cosigned on should be defaulted on.