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How do you get a big loan without collateral? VCs might be interested in your app but not in a random bakery which is also a business of a type that is probabl
by LunaSea 7y ago
How do you get a big loan without collateral?
VCs might be interested in your app but not in a random bakery which is also a business of a type that is probably more common.
Also VCs take a share which makes them the owner as well but oh well.
- manigandham 7y agoYou don't. You start small and work you way up while offering whatever collateral you can until you get that big loan. Save up earnings and use a downpayment or buy insurance. That's how business growth works. There are 10s of millions of business owners in America. Ask any of them how they did it.