Banks still not lending

Discussion in 'Economics' started by oraclewizard77, Feb 14, 2009.

  1. oraclewizard77

    oraclewizard77 Moderator

    I went to try to get a loan for a commercial building where I did have the 20% down payment and good credit, and they said I still need a cosigner.

    Our company pays more to lease than the it would cost to own a building.

    At this point I plan to just re-new the lease and then maybe I can find someone in the future who wants to go 1/2 in with me on the down payment since the business makes enough money to pay the monthly cost of the loan, and then I can either buy him out or sell the building when its paid off. Really sucks that no one is lending...