Getting a Business Loan

[jon31]

How easy is it to actually get a loan for a proposed business project. A good buddy of mine has all kinds of ideas but not the capital to implement them. Do banks willingly issue loans for business projects upwards of $80K?

Jon

[extremist]

no not willingly. they look at your credit record mostly.

[yakuza]

You need some collateral like land title, assets, etc. to do a loan..

[New2EG]

Business Ideas are a dime a dozen. Banks are in business to make money.

Your buddy sounds like he needs a Small Venture Capitalist Group - but they don't come cheap, even if they're interested in the first place.

Have your buddy get together 10 of his closest friends and raise the money that way.

Or............better yet.......start his own HYIP backed by the proceeds of his VERY PROFITABLE BUSINESS VENTURE.:lolol: