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If there is no risk, it sounds like a good fit for a bank loan.
by geon 12y ago
If there is no risk, it sounds like a good fit for a bank loan.
- zeusk 12y agoI guess he feels it would be hard to justify the no risk part to a bank and its employees who aren't so familiar with the said business or industry.
- loumf 12y agoBanks are really good at understanding service businesses that have 46k of monthly revenue and sell for 276k. Profit would matter too, so if the margin is 50%, then we're looking at a ~11-month payback possibility.
- shillster 12y agoFuck banks, the only way to reduce their power is to not depend on them.