Comment by addicted
4 months ago
An ordinary person with decent credit would not pay 10% on a loan.
A reasonably rich person with good credit is paying nowhere near that.
And a very rich person with great credit and who will put their assets up as collateral is paying low single digits in interest, if even.
The feds interest rate is still 4.5% right now. And a lot of companies are preparing for a headwind (which also means very rich people don't want to put assets up). Despite people trying to pretend otherwise, we're not in a very flowing economy right now.
But yes. If you're very ambitious and very rich, you can probably find a decent loan for your idea. This odd economic situation is ripe for uncontested disruption, but has an extremely high cost of entry (hence, being unconstested).