Not exact matches
There is no limit to
what type of business can
seek funding, so this is a source
of funding that it doesn't hurt to test before you go
seek a traditional
loan.
You need to find out
what rate the lender is willing to offer you, based on your specific qualifications as a borrower, and the specific
type of loan you
seek.
In fact, there are literally dozens
of FICO scores, depending on
what type of loan you're
seeking, who is inquiring, and which rating agency is providing the score.
Your credit score, the
type of loan you're
seeking, the lender you're talking with and other factors can all play a role in
what rate you get quoted.
You need to find out
what rate the lender is willing to offer you, based on your specific qualifications as a borrower, and the specific
type of loan you
seek.
Banks are typically averse to underwriting non-recourse
loans as it means assuming more risk on their part as this
type of loan only allows them to foreclose on the property in the event
of a default, and does not allow them to
seek additional money from the borrower if the proceeds from the foreclosure are less than
what is owed on the
loan.