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-   General Money Chat (https://www.aspkin.com/forums/general-money-chat/)
-   -   Hard Money Loan? (https://www.aspkin.com/forums/general-money-chat/138828-hard-money-loan.html)

appleip1 09-08-2020 03:36 PM

Hard Money Loan?
 
Hello, I'm looking to take my online business back up to where it was, after Covid-19 sales were slow, now sales are getting back to normal. im looking to grow it back to $15,000 a month, i have screen captures and bank statements to show that i was making this amount. I'm look for a loan of $5000. in 3 months i will double your investment. PM me.
Thanks
Amazon 2 Week Bank Transfer
https://ibb.co/QCpVyb9

booras 09-08-2020 03:43 PM

Re: Hard Money Loan?
 
What you offering?

appleip1 09-08-2020 03:45 PM

Re: Hard Money Loan?
 
$5000 investment for $10,000 return back to you in 3 months

yankee 09-08-2020 04:02 PM

Re: Hard Money Loan?
 
What collateral?

appleip1 09-08-2020 04:07 PM

Re: Hard Money Loan?
 
What would you accept for Collateral? i have no house or car? Let me know

Lemon263 09-08-2020 04:07 PM

Re: Hard Money Loan?
 
Get a loan off Amazon.

Surely there's nobody here stupid enough to lend money to a stranger who, I'm guessing, has no collateral or security to offer.

Pandoras_box 09-08-2020 04:53 PM

Re: Hard Money Loan?
 
Quote:

Originally Posted by appleip1 (Post 1113994)
Hello, I'm looking to take my online business back up to where it was, after Covid-19 sales were slow, now sales are getting back to normal. im looking to grow it back to $15,000 a month, i have screen captures and bank statements to show that i was making this amount. I'm look for a loan of $5000. in 3 months i will double your investment. PM me.
Thanks
Amazon 2 Week Bank Transfer
https://ibb.co/QCpVyb9

If you were making 15k a month, your bank will fall at your feet to avail you a loan that small. In short, you can use your overdraft or your credit card.
How are you looking out to strangers and not using any of these?

appleip1 09-08-2020 04:59 PM

Re: Hard Money Loan?
 
My credit is bad. they still want to see good credit scores

Pandoras_box 09-08-2020 05:26 PM

Re: Hard Money Loan?
 
Perhaps you could get someone who personally knows and trust you to take out a credit card and pay it back only when the interest free period is due. That would be a few months down the road.

If you don't know or cannot get people in your life to do that then I can hardly imagine you'd expect any better from strangers on the internet.

Futuremogul888 09-08-2020 05:53 PM

Re: Hard Money Loan?
 
If you were making 15K a month, lets assume 5K profit, and you have no car, no house, and bad credit, I would not trust you with $50, let alone 5K.

appleip1 09-08-2020 05:53 PM

Re: Hard Money Loan?
 
I really appreciate your tips. Search and you shall find, quiet mouths dont get feed. Ill keep hustling
Thank you

rsot 09-09-2020 06:03 AM

Re: Hard Money Loan?
 
Quote:

Originally Posted by appleip1 (Post 1114018)
I really appreciate your tips. Search and you shall find, quiet mouths dont get feed. Ill keep hustling
Thank you

Best of luck appleip1 :thumb:

HelpNeeded! 09-23-2020 05:35 AM

Re: Hard Money Loan?
 
I have struggled with this too. I started out with nothing and flipped it to something. I couldn't get approved for a loan even with good credit. I did get exposure though, Businessweek did an article on it: https://www.bloomberg.com/news/artic...table-business

rsot 09-23-2020 07:14 AM

Re: Hard Money Loan?
 
Quote:

Originally Posted by HelpNeeded! (Post 1116076)
I have struggled with this too. I started out with nothing and flipped it to something. I couldn't get approved for a loan even with good credit. I did get exposure though, Businessweek did an article on it: https://www.bloomberg.com/news/artic...table-business

Wow 2012 - that's something.

HelpNeeded! 09-23-2020 07:38 AM

Re: Hard Money Loan?
 
Quote:

Originally Posted by rsot (Post 1116087)
Wow 2012 - that's something.

Back when I was young.. Sure enough that particular company had some hyper growth and a year or two after the article came out I was pumping 7 figures on Amazon.

For the OP, try to find an investor maybe? I did it after the article came out a bunch of VCs reached out. Apparently there are a lot of people who simply can't find anything to do with their cash.

Also OP - after paying $5k in interest is it really worth it? Start small and reinvest. That's how I did it in addition to juggling credit cards. I personally think cash flow is the hardest part of business, at least for me since I don't have payment terms with my suppliers and you know how Amazon and eBay like to not pay us.

Feel free to reach out and I can help you.

alanbb1985 10-05-2020 06:05 PM

Re: Hard Money Loan?
 
In NYC street rate for HMl is about 24-30% APY

rsot 10-06-2020 07:02 AM

Re: Hard Money Loan?
 
Quote:

Originally Posted by alanbb1985 (Post 1118412)
In NYC street rate for HMl is about 24-30% APY

Killer interest yikes

tango224 12-15-2020 08:25 PM

Re: Hard Money Loan?
 
you can shoot me a PM

rsot 12-16-2020 04:51 AM

Re: Hard Money Loan?
 
Quote:

Originally Posted by tango224 (Post 1131128)
you can shoot me a PM

Welcome to the forum - all the best as you master stealth :thumb:


DENDEN76 12-16-2020 01:57 PM

Re: Hard Money Loan?
 
Start with $500 and keep compounding. You don't need a loan you need patience and consistency

wallstreerbear77 06-28-2021 05:10 PM

Re: Hard Money Loan?
 
Quote:

Originally Posted by appleip1 (Post 1113994)
Hello, I'm looking to take my online business back up to where it was, after Covid-19 sales were slow, now sales are getting back to normal. im looking to grow it back to $15,000 a month, i have screen captures and bank statements to show that i was making this amount. I'm look for a loan of $5000. in 3 months i will double your investment. PM me.
Thanks
Amazon 2 Week Bank Transfer
https://ibb.co/QCpVyb9

By the way, I also wanted to take out a loan for an Amazon, but the bank refused me. They thought that my credit rating was too low. And this gets in the way because when there is not enough money for everyone during the pandemic, my bank did not want to give a loan at low-interest rates. So I looked at many banks, and of those that came up to me, I can single out edullinenlaina.com. This site helped me find a bank that provided me with an affordable unsecured loan, which helped me solve my financial problems. I could cover the costs of my business, but now everything is back to normal. For people like me who have their own business and many other expenses, this was the solution.

rsot 07-01-2021 06:40 AM

Re: Hard Money Loan?
 
Quote:

Originally Posted by wallstreerbear77 (Post 1160293)
By the way, I also wanted to take out a loan for an Amazon, but the bank refused me. They thought that my credit rating was too low. And this gets in the way because when there is not enough money for everyone during the pandemic, my bank did not want to give a loan at low-interest rates. So I looked at many banks, and of those that came up to me, I can single out edullinenlaina.com. This site helped me find a bank that provided me with an affordable unsecured loan, which helped me solve my financial problems. I could cover the costs of my business, but now everything is back to normal. For people like me who have their own business and many other expenses, this was the solution.

Welcome to the forum - all the best as you master stealth :thumb:


Nice to hear your success - site seems sketchy though


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