Macroeconomics
A poll of more than 1,000 small companies by the National Federation of Independent Business was taken in 2001. The average interest rate on new short term loans is 8.1%. It compares the rate on small commercial loans based upon the type of business. Whether it is all domestic banks, large domestic banks, small domestic banks, and US branches of foreign based banks. The foreign banks tend to offer the lowest rates while usually the domestic banks offer the highest interest rates. The New York Development Corporation is an industrial commercial retail company. Their loan range is from $100,000 to $1 million. The variable terms are 5 to 15 years, which is considered a long term investment. The interest rate on these terms would be prime, plus 2% or fixed and tied to treasury. These loans can be form fixed assets, working capital, renovations, restructure debt, and leverages buy outs. I think that the interest rate on a loan that this business has is attractive. Many different companies are competing for interest rates because they want people to go through their company. I think that prime plus 2% is r
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Some common words found in the essay are:
Development Corporation, Social Security, SSI TANF, Needy Families, Independent Business, Security Income, Maintenance Programs, , domestic banks, social security, money taxes, food stamps, prime plus 2%, taxes income maintenance, domestic banks domestic, income taxes, prime plus, taxes income, income maintenance, health insurance, income maintenance programs, banks domestic banks, people qualify,
Approximate Word count = 761
Approximate Pages = 3 (250 words per page double spaced)
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