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bebyb
08-23-2017, 11:02 PM
Hello all, I am a young investor with a different kind of business venture, definitely not your typical one. I am wanting to get into the locomotive leasing business here in the next few years. I have always had a passion for railroading and I already have a locomotive in mind that I want to start with. The asking price for the locomotive is 125k, although it could probably be aquired for 100k, and it can appraise for 150k. Starting out the business can make up to 10k a year pure profit. I have formed an LLC as well to be able to do this. Would any banks or credit unions be interested in financing all or part of this venture? If not, are there any other options I have?

meysam_b
09-13-2017, 03:40 AM
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marksmith12
10-15-2017, 04:11 AM
Hi bebyb,
In my opinion, If you have a good credit score and your monthly income is good to pay the debt then the bank will definitely give you fund to start a business.
If you still have any doubt, contact with finance advisor.
Thanks!!

lantranhana
12-12-2017, 01:17 AM
For some, banks will be the better option while for others its credit unions all the way. But before you can choose you have to understand what types of services you can expect and the differences between banks and credit union.

complete23
01-04-2018, 12:42 AM
hello i say that if you have good credit score and your salary slip is good then must be bank will give you fund and they will highly make you finance and you can start your business very well.

sourabh123
02-22-2018, 11:05 PM
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IT COMPANY IN BHOPAL (http://www.mmtinstitue.in)

logroller
02-25-2018, 08:21 PM
If you need less than the appraised value of the assets then you should not have a difficult time obtaining financing. The big problem for you will be whether the bank or credit union appraises the assets as highly as you. They may appraise rail assets at salvage value rather than their value on the resale market.

essencepk
11-04-2019, 01:01 AM
A credit union will get you lower rates on loans and typically enable you to earn more on deposits than traditional banks. Because credit unions are nonprofits, they pass on surplus funds to customers in the form of higher interest rates on deposit accounts. You'll pay lower fees.

jacksonsamy2
10-19-2020, 02:54 AM
Credit unions are able to offer lower rates compared to traditional banks because of their business structure. ... Banks are also subject to federal and state income taxes. Interest income is a major revenue and profit generator for banks, so the higher the rate, the more they earn.

speeduser
11-20-2020, 09:29 AM
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raviseo120
11-20-2020, 09:43 AM
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raviseo120
11-20-2020, 09:46 AM
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raviseo121
11-20-2020, 11:02 AM
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moverdubai12
11-21-2020, 01:31 AM
Credit associations can offer lower rates contrasted with conventional banks due to their business structure. Most banks are revenue driven organizations, which means they reinvest their pay to acquire more benefit or they pay it out to investors. Banks are additionally dependent upon government and state annual expenses.

raviseo121
11-23-2020, 09:19 AM
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raviseo120
11-23-2020, 11:44 AM
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moverdubai12
11-24-2020, 03:17 AM
Credit associations can offer lower rates contrasted with customary banks due to their business structure. Most banks are revenue driven organizations, which means they reinvest their pay to procure more benefit or they pay it out to investors. Banks are additionally dependent upon government and state annual charges.

raviseo121
11-24-2020, 10:12 AM
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moverdubai12
11-25-2020, 04:09 AM
Credit associations can offer lower rates contrasted with customary banks in light of their business structure. Most banks are revenue driven organizations, which means they reinvest their pay to procure more benefit or they pay it out to investors. Banks are additionally dependent upon government and state annual expenses.

raviseo121
12-16-2020, 10:11 AM
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alishbasaki
01-21-2021, 11:22 PM
We should take a gander at the most widely recognized advantages—and the drawbacks—of credit associations. ... A credit association might be more ready to work with you than a bank may be in the event that you ... will assist you with overseeing your spending plan and grow better monetary habits.3 1.

raviseo121
01-23-2021, 10:14 AM
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Jach000
06-14-2021, 01:17 AM
I think that credit institutions will be more interested in financing a young investor than a bank, although you have chosen a fairly solid niche as railway transportation. Of course, you should check your credit history to ensure that your loan will be approved for sure. Although not all credit institutions are so critical of this. For example, a friend of mine who did business in Europe had a low credit score (https://www.xn--lnguide-exa.se/dalig-kreditvardighet/). Then he was helped by a great loan provider from Norway.
By the way, do you think it is worth using leasing in our time?