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  1. Collapse Details
    What would most banks/credit unions be willing to finance?
    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?


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    hey bebyb , it's meysam , i suggest you to take a look to the some of international exhibition in Materials Handling, Logistics ,Transport Exhibitions sector and their exhibitors list to finding your interest . the following link would help to your search , international exhibition in Materials Handling, Logistics ,Transport Exhibitions sector


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    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!!


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    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.


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    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.


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    hiiiii...I am SRB and i aslo want to open a company in USA like ...DIGITAL MARKETING COMPANY.........
    IT COMPANY IN BHOPAL


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    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.


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    Banks are the steady route for financing. The challenge is that they are uber tight in their qualifications. You can move away from standard commercial lending if you need to. What you'll find in other lending resources is that credit score qualifications are lower and you'll need less collateral behind the loan. But, the money comes at a slightly higher cost.

    Get a hold of me if you still need financing. I'd be happy to tell you more about these routes.
    Best to you.


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    A standard business loan is a start, but not the end all in borrowing money.
    Banks are the steady route for financing. The challenge is that they are uber tight in their qualifications. You can move away from standard commercial lending if you need to. What you'll find in other lending resources is that credit score qualifications are lower and you'll need less collateral behind the loan. But, the money comes at a slightly higher cost.

    Get a hold of me if you still need financing. I'd be happy to tell you more about these routes.
    Best to you.


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    They are willing to do everything to get your yes. It has been a pretty good sight to see with it. - Green Water Technologies


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