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WY, OK | They are handing out SBA loans under 4% like candy with a few day turn around why not just do that? Keep it in a separate interest paying account and don't even touch it unless you have a large purchase (like a building), if you are better off in a year then pay the whole thing off with minimal loss to you.
I'm in somewhat similar deal and my income the last two years has been zeroed out with deductions/expenses and that scares away everyone even with an 800 score and 1:10 debt to equity and rental income that covers over 120% of my current sole mortgage payment I wanted to refi. All they seem to want is a W-2 or 1099 with income on it, funny since so many W2 and 1099 people are going to be ruined this year and those of us who are self employed with little debt are not. I just want some more cash on hand to be in an even stronger position for the next 6-18 months. | |
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Farm loan options? Even consider FSA at all?
