Loan ???

Does a bank take your credit into consideration when applying for a loan that you are backing with cash in the bank. The money in the bank with obviously be untouchable until the laon was paid back in full. I know right now banks are weary to give any kind of loan, but if cash can be siezed immediatly at the moment of default is there enought risk for a bank not to approve this type of loan. The loan would be used to buy an established business, where proof of income can be shown in excess of 4x the amount of the loan annually.

 

Any ideas?????

i couldnt see how they wouldnt allow the loan if the money is there to back it anyway.as long as you have collateral to back it you're good.