Careful of the blueprints, I myself prefer to work with investors. majority can even take you through the right steps rather than just have money and loose it if you don't know how to use it.
It depends on what you negotiate. Most stated rates and terms are a starting point. Ask your lender then negotiate.
Terms are usually based on need or useful life of the asset being financed - if any.
Rates are based on costs of funds from the lender and risk of the borrower.
Typically, unsecured loans are higher interest with terms of three year or less. Working capital loans usually have terms under 12 months. And asset based loans depend on the useful life of the asset - most equipment 5 to 7 years and real estate from 10 to 20 years.
As a hard money lender, I typically do short term, high interest loans. Probably not what your interested in. I'm a bit new to the business myself as I've only done a few of these loans myself. Considering the amounts and the high risk nature of the lending business, and other factors, a small interest rate would not do me any justice.
My last loan that closed today actually was 3299.00 @ 20% for 1yr.
What type of loans have you been looking at? I think the type of loan you are considering will play a who huge role in what is considered typical.
Are you taking out a HELO? Are you looking at Peer to Peer lending? Are you contacting Angel investors? Do you have family and friends with resources? There really is such thing as a typical loan term in todays day and age of alternative and creative lending and it really matter which loan avenue you are planning on taking. Once you determine your loan path it will be much easier to tell you what is typical for that industry or niche.
No doubt you are familiar with the expression “You have to spend money to make money” where a business is concerned. The concept of borrowing money from banks, credit agencies, and other types of lenders for the purposes of making money is nothing new. It is a relatively basic principle that has been with us since the early business and trading days. New business owners oftentimes need some form of cash loans financing to get up and running in their small business. On the other hand, existing businesses use financing venues in order to buy more inventory or assets, expand their business, or hire more employees.
I agree with most people on this forum, something i would like to warn you that i wrote on my blog Everyday Loans is that you have to make sure you understand what you are getting yourself into. The longer the period of the term the more you will be paying in interest. They do this because they have to wait longer to get their money back, so be sure you know about your business, make sure you have a business plan, make sure you know how long it will take you to get that 40k or whatever back. Don't go into this unprepared this can scar your credit history for a long time.