how can I borrow $60k to start a business?

[cout12]

I need $60k for this business I want to start. I can pay back about 10k per month for 6 months. Anyone knows where I could borrow that much money?

 

[subigo]

These new things called "banks" are popping up everywhere. Google the term.

 

[webnet]

A bank? I've heard they have plenty of money.
edit-damn, not quick enough

 

[dmnEPC]

Take $95,000 of hard assets (house, stocks, mutual funds) and pledge as collateral and you should be good to go

 

[cout12]

would they lend such a high amount to start a business?

 

[dmnEPC]

would they lend such a high amount to start a business?

As long as you have the collateral you should have no trouble (as long as your credits good)

 

[AlexKTD]

I know this guy in Nigeria who was a Prince but now is banished from his kingdom and will send over $60k np. I just need $500 for fees and such.

 

[flx89]

find an angel investor or go to the bank

 

[bizousoft]

Take $95,000 of hard assets (house, stocks, mutual funds) and pledge as collateral and you should be good to go

^ QFT

in Canada at least they won't give you much if there's no collateral when it comes to landing, unless you go to BDC or something

 

[liesnillusions]

never borrow

 

[Gambit]

never borrow

Unless you know how to use debt to your advantage. The "Never borrow" meme is because half the world is retarded and likely to max out their credit cards on Robert Kiyosaki's $15,000 Real Estate Seminar.

 

[liesnillusions]

true some people will be okay with managing their debt. however it's high-risk in this sense, he's going to start a business with it. what if the business fails? he'd be utterly fucked and in debt for decades.

 

[.Hack]

Basically you go to a college and find starving programmers and say that you want to make a social startup app type deal. After 2 months and a beta app just pitch to VC's saying that it's growing fast as fuck, has cloud backup and shit other you don't even need and you will be funded about 1m minimum. Seems to be working for 100% of shitty ass useless apps

 

[Airin]

Be careful with investors, you lose control. If you have the collateral and credit, definitely borrow from a bank, look into an SBA loan. If at all possible to self fund this, you will be 100x better off in the long run. I speak from experience.

 

[papajohn56]

These new things called "banks" are popping up everywhere. Google the term.

NO MAN YOU'RE TOTALLY BEING COMPLICIT IN THE BANKING SYSTEM, CREDIT UNIONS BRO CREDIT UNIONS #occupyWF

 

[ly2 from WF]

You'll want to PM Grindstone. He frequently loans out money to forum members but only if you have a good idea so you will have to really sell him on it.

 

[aaronklaw]

You'll want to PM Grindstone. He frequently loans out money to forum members but only if you have a good idea so you will have to really sell him on it.

Yea he gave one of my clients 500 bucks last month. I hear he even will wait a year before asking for it back. no interest

 

[BlokBlok]

You'll want to PM Grindstone. He frequently loans out money to forum members but only if you have a good idea so you will have to really sell him on it.

Grindstone is an active angel investor, he has helped me out, definitely hit him up.

 

[RedFireGreg]

I need $60k for this business I want to start. I can pay back about 10k per month for 6 months. Anyone knows where I could borrow that much money?

Depends if you kow you have that 10k coming I would consider a line of Credit. Thats what I got for my non internet business. That way my payments are a min of just the interest and not interest plus princible. If you get a Loan they will want to lock you into a term with set payments and pentatlies if you pay it off early.

I would also agree and go with Credit Union too. Switch to a bank with you get massive.

 

[mattseh]

Don't forget dchuk if Grindstone is all tapped out for the month #protip