What kind of interest rate would you hope to get for a $110k loan from a friend backed by a personal guarantee?

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Oct 18, 2021
4:13:01pm

CrimWalCoug All-American in practice

What kind of interest rate would you hope to get for a $110k loan from a friend backed by a personal guarantee?

Funds are for inventory for an e-commerce business.

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CrimWalCoug

Bio page: CrimWalCoug
Joined: Apr 7, 2016
Last login: Jun 20, 2024
Total posts: 17,784 (2,272 FO)

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Messages

Author

Time

What kind of interest rate would you hope to get for a $110k loan from a friend backed by a personal guarantee?

CrimWalCoug All-American in practice

10/18/21 4:13pm

10%

kccougar

10/18/21 4:13pm

Personal meaning no collateral? That is a tough loan to give but 12% at least.

Ycrazy

10/18/21 4:14pm

I would not loan, or borrow money from a friend. So.......

TheHop

10/18/21 4:14pm

^^

j20

10/18/21 11:37pm

10-20% depending on the businesses viability. I would guess closer to 20% to be honest.

kimdaddy35

10/18/21 4:15pm

15%

cougfanz

10/18/21 4:29pm

I wouldn't call it a loan, but an investment. And investment comes with risk.

chrisrenrut

10/18/21 5:39pm

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