Questions on bank loans
I want to get a $4000 loan from my bank to start building a motor. I know that interest rates are low, so now may be a good time. I'm a collage student and work part time. I make roughly $300 a week, give or take. I'm trying to hide the amount of the loan from the parents (they think the cars a money pit). That means no co-sign and hardly any calateral. I have a meeting with the bank Friday. I will be dressed to the nines and act like a perfect gentleman. I will beg if it comes to that. Now to my questions. First, do you think I have any shot at getting this loan? If I do get the loan, how long and with what rate should I seek? Do I have to tell the bank what I'm doing with the money?
Any help would be great. Thanks
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1995 GT Black sleeper
Edelbrock 6037 heads,Edelbrock proformer intake,Edelbrock cam, 70mm TB,75mm pro-m mass air,Taylor wires, Underdrive pulleys,Equal length headers,K&N filter
Flowmaster cat-back, Eibach pro rate springs
lower control arms
3.73 gear Centerforce clutch
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