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Business loan for car repair shop at good rates?

I have a good business of car repair shop equipments of about 150000 as this business is less than 2 years old i do not get business loan at a good rate the present loan for unsecured loan is about 24 percent , as this is killing my business is there any way i can get business loan at low rates like under 10 percent will greatly appreciated any help.

Public Comments

1. not sure
2. Are you generating revenue and cash flow? If so, I'd try to get a SBA backed loan from a bank -- especially one that's a SBA Preferred Lender -- and show them your numbers (Revenue, Cash Flow, Assets, Liabilities, etc). You may be able to get a loan for working capital based on your assets and cash flow, at a rate around 6%.