Quote:
Originally Posted by ArsewithClass
No you dont. A business loan is usually given upon a business idea, not collateral & especially not your home.
1st rule of business. Never mix business and pleasure. Hence you keep your family safe! 
|
No it does... at least it does in Canada. And I wanted to buy an established salon/spa a few years ago. I had cash in the bank and 1/3 equity paid off on a very nice house. I was turned down. (looking back now - thank God).
Mind you that was CIBC... RBC is MUCH better, they get all my business now.
Sabby
