Monday, February 06, 2017
As getting financing has become increasingly difficult for a large number of individuals, the ability to pursue dreams such as owning a business or a home has also become increasingly difficult. Aside from the criteria to become a successful loan applicant, the equity percentage down is usually 20% to reduce the likelihood that the lending institution requires Private Mortgage Insurance (PMI) or even to provide the loan in the first place.
No matter which lending institution you are working with for your business or to purchase a home, make sure your loan representative is fully aware of business and home lending services provided by GROW South Dakota. Call GROW South Dakota at (605) 698-7654 for more information or click here: http://www.growsd.org/growsd/business-lending