3 ms·

Ask HN: Can I get a ~1K loan on HN to get more investment into my R&D startup?

Hi, HN users. I am in a dire situation to receive a large investment for my R&D startup and in order to release the investment I need to pay ~1000$ for some formalities and documents. I live in Lithuania and only have some property there to offer as a collateral. I know there may be some kind users here, maybe someone can lend me 1000$? Or offer the ways to lend this 1000$ elsewhere for LT citizens with property as a collateral? I should return the 1K loan in a month, in case everything is ok. But given my property as a collateral, may be this can ensure that I will return the loan amount some time in the future anyways. Thanks

throwaway3306a 2y ago
Why not approach any bank? This is such small amount they wouldn't even ask for proof of income.
- spacetimeuser5 2y ago
  My bank in LT requires proof of income, and my income is lower than minimum, because I am a student of CS so far only. And i do not need 6 month or more to return it, I may return in a month.
  - throwaway3306a 2y ago
    Try more banks, I'm sure you can find one.
  - NonEUCitizen 2y ago
    Ask your professors or your university?
spacetimeuser5 2y ago
I will be selling my property anyway, during the next 2 years, or so. So thus I can return the loan anyways.
Two4 2y ago
Why are you paying to receive money? That makes no sense
- throwaway3306a 2y ago
  He's paying to be able to receive the money legally. That's normal everywhere in the world. Incorporation of a company, necessary KYC proofs for banks etc cost money.
gus_massa 2y ago
Who is going to give the money? Are they well known in the community? Are they from your country? Did you contact them first or they contacted you first? How are you going to spend the $1K? Some paperwork in the government in your country? Some paperwork in a bank of your country? Do you have to send the $1K to them? Do you have to send the $1K to an "independent" third party? Do you have to send the $1K by Western Union? It smells like you are getting scammed. Show all the info to a trusted friend that knows about business and ask for advice. Do you have a accountant? Do you have a lawyer?
- spacetimeuser5 2y ago
  yea, maybe. Just checked after posted the post. How many scammers are there on HN and YC Startup School?
  - gus_massa 2y ago
    Follow the money. The main question is: >> How are you going to spend the $1K?
  - gus_massa 2y ago
    I read again my question and it was not very clear: Not: Who is going to loan $1K in HN? Yes: Who is going to invest a lot of money (>>$1K) in your project?

throwaway3306a 2y ago

Why not approach any bank? This is such small amount they wouldn't even ask for proof of income.

spacetimeuser5 2y ago
My bank in LT requires proof of income, and my income is lower than minimum, because I am a student of CS so far only. And i do not need 6 month or more to return it, I may return in a month.
- throwaway3306a 2y ago
  Try more banks, I'm sure you can find one.
- NonEUCitizen 2y ago
  Ask your professors or your university?

spacetimeuser5 2y ago

I will be selling my property anyway, during the next 2 years, or so. So thus I can return the loan anyways.

Two4 2y ago

Why are you paying to receive money? That makes no sense

throwaway3306a 2y ago
He's paying to be able to receive the money legally. That's normal everywhere in the world. Incorporation of a company, necessary KYC proofs for banks etc cost money.

gus_massa 2y ago

Who is going to give the money? Are they well known in the community? Are they from your country? Did you contact them first or they contacted you first? How are you going to spend the $1K? Some paperwork in the government in your country? Some paperwork in a bank of your country? Do you have to send the $1K to them? Do you have to send the $1K to an "independent" third party? Do you have to send the $1K by Western Union? It smells like you are getting scammed. Show all the info to a trusted friend that knows about business and ask for advice. Do you have a accountant? Do you have a lawyer?

spacetimeuser5 2y ago
yea, maybe. Just checked after posted the post. How many scammers are there on HN and YC Startup School?
- gus_massa 2y ago
  Follow the money. The main question is: >> How are you going to spend the $1K?
- gus_massa 2y ago
  I read again my question and it was not very clear: Not: Who is going to loan $1K in HN? Yes: Who is going to invest a lot of money (>>$1K) in your project?