Business Franchise Loan Broker

My father needed a loan of 65K to buy a business, but the Bank of America will give it a 1 / 3 of it.

The headquarters of the franchise has returned to a financial group. we thought we would obtain a loan directly. But it turns out they were brokers, and they are going to pay 10% of lines of credit once we accept. They went at least 4 different banks for loans to equal the 65k we would need.

We now call each bank directly to accept the terms but we can not say that we work with brokers because [and] i quote "The banks are not as brokers, period."

I wonder what my father will pay 10% for cases that they only apply for such banks, and we must pay each bank directly.

Your father must pay 10% for someone to hold the money you wanted. It seems that you might have saved 10% by making your own leg work. * * I think you will find that your father has signed a contract he should honor.
Traditionally dealers arrange financing money when you've exhausted all avenues available to you. Just thank your lucky stars that the interests of the bank financing was provided by banks @, private sector will double in the general interest rates (and costs another 10%).

Try refinancing the house. You can get the 66K stop and a lower interest rate. Screw brokers.