Question: 2. In a previous chapter, SBA (small business administration) loans are mentioned. And their rates vary from 7.75% to over 10%. Visit two local banks,
2. In a previous chapter, SBA (small business administration) loans are mentioned. And their rates vary from 7.75% to over 10%. Visit two local banks, one that you have an account with and one you do not. Ask them the following questions: What they would charge for a small business loan, assuming that you are looking for $50,000 to start a food truck? What types of documentation are needed to obtain such a loan? What are the differences between the bank with which you have an account and the one that you do not?
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