Quote:
Originally posted by CJ
If you were starting your own business and needed around $150K, how would you finance it? What are some of the pros and cons of SBA loans, commercial loans, home equity loans etc?
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you could just tell your friendly banker that you have a
1974 TLJ Special Edition THE ONLY ONE IN EXISTENCE!!!
as collateral
and they will bring you a sack of $$
seriously - the others are steering you right - do not borrow against your house for the 150k. also make it a "LLC" or an "Inc."
type operation if the business would have any liability exposures at all. that way you could minimize your personal risk.
07-15-2004, 01:30 PM
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