Post
Topic
Board Lending
Re: WANT 13,500 BTC BUSINESS LOAN
by
smracer
on 10/02/2013, 14:40:58 UTC
Do you have a business plan?  How much capital are you putting in yourself?  You are going to have to give up at least 50% ownership to secure a 325K loan if you are not contributing any capital.  Why are you buying a building?  Why not just lease to start if the business is so profitable?  When I started my latest company 10 years ago I had all kinds of venture capitalists offering me capital for 25%-50% of the company.  Instead I maxed out 20 credit cards and made it happen.  The cards were paid off in the first year of operation.