Finance vs paying cash?

Has anyone used the "Patriot" loan offered by the SBA for Veterans? According to info I got, you develop a business plan to a bank and the Government guarantees the loan like a VA home loan. The rate is 1 percent above prime.

 

Thanks Cnspr, that is what I was trying to say? You did a much better job than I did.

 

It's been plenty of people who ask this question. Not one has comeback and shared their experience. Personally I would not take out a Small business loan.

 

Alot of dealers want prof your leased on with a company or own authority. Try and deal directly with a bank. But have a good business plan before hand. Dont go in half ####ed. But what do I know. Supposedly I just sit in my truck with a van Makin up lies! LOL!

 

Noted, from now on I'll sit in the dark and eat my icecream. LOL