|
Businesses are not seeing those kind of rates, particularly small businesses. Due to the rise of bad debt many small to medium size businesses don't have access to the credit they used to because the lender's sphinkters have tightened considerably. A $100K loan is in the 6 - 7% range in today's market, if they can get the loan approved. Then of course if they are successful converting the loan asset into a product, there's another 10 - 15% tax on top of any gains.
Last edited by whell; 08-22-2012 at 12:21 PM.
|