jpham540
Confused about dryer sheets
Hi guys/gals
I’m looking to purchase a franchise and was looking to use my stock portfolio loan to fund the business from Charles Schwab. The interest rate is about 7.25% and is variable. I was looking to possibly use around $100,000 -200,000. This will be use over time as needed. Hopefully I don’t have to use a lot. Just wondering if this is a good idea. Seem like it might be better than an sba loan.
I did thought about using my 401k rollover to fund the business, but rather not tap into my retirement.
Any thoughts?
Thanks
I’m looking to purchase a franchise and was looking to use my stock portfolio loan to fund the business from Charles Schwab. The interest rate is about 7.25% and is variable. I was looking to possibly use around $100,000 -200,000. This will be use over time as needed. Hopefully I don’t have to use a lot. Just wondering if this is a good idea. Seem like it might be better than an sba loan.
I did thought about using my 401k rollover to fund the business, but rather not tap into my retirement.
Any thoughts?
Thanks