ST Alpha - "I would estimate that's high. Every other loan in the States at least is under that " (Reading a Post)

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In response to "Weird Question but: Would you consider a interest rate of 10% high or low if you are trying to get a loan for a business? " by Walt_Disney

I would estimate that's high. Every other loan in the States at least is under that

Posted by Will Hunting (aka Joemetz) Feb 27 '13, 11:58

unless you're talking credit cards.

For me, my HELOC, my car and my mortgage are less than half that...I'd expect on the risk curve, that a business loan wouldn't need to be twice that.

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You're comparing apples and oranges. The market for business loans is entirely different. -- nm - pmb Feb 27, 12:01 2
- Sure, but my thought is it's high and given the first few searches I found had 6-8%...my gut is right. -- nm - Will Hunting Feb 27, 12:02 1
  - Your gut is not necessarily right. You know nothing about the business, the type of loan or the purpose of the loan. - pmb Feb 27, 12:04

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I would estimate that's high. Every other loan in the States at least is under that

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