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It's really hard for them to raise capital, even getting loans from a bank is a challenge. For anyone that's interested there's a new coop startup accelerator
by m_ke 5y ago
It's really hard for them to raise capital, even getting loans from a bank is a challenge.
For anyone that's interested there's a new coop startup accelerator https://www.start.coop/ https://www.start.coop/
- robocat 5y agoSo I am guessing the banks problem is dealing with an abnormal legal situation. What if it is structured as a private LLC owned 100% by a holding co-op, and the LLC borrows money? Or is the problem that there are other risks for the bank?