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I am looking to get some loan to add more inventory. The sales have been going pretty steady, good bank statement showing constant income stream. It's an online business. The "Canada Small Business Financing Program" doesn't provide loan for inventory so what are my options. Also, its been ~6 months...
... house for the asked price, my rough guess is that my house's price can be 150K more than what I paid a year ago. Here is the question. Can I get a business loan using that 150K-portion of my house as a collateral? Thank you for your time!
What happens if someone gets a business loan of $100,000 and starts a business. After 1 or 2 years if he/she becomes bankrupt, what the Bank will do for business loan.