Friday, January 18, 2008

Business Financing

Have you ever tried to get start-up financing for a business? Its a pain in the butt. I had a friend who got start-up financing in the most amusing way once. The bank said he didn't have enough collateral to get the loan so he went out and bought two worn out piece of crap trucks and painted 1 side of each truck a nice shiny color and put his business logo on them (he did this with spray paint). He took pictures of those two trucks and then took the information on them to the bank and used them as collateral. Those trucks didn't even run. I as sure he was going to end up in jail with fraud charges or something, but he didn't. He did eventually end up declaring bankruptcy. says if you don't have collateral to get your loan then thats no problem. If you don't have the time to fill out an extensive business loan thats no problem either. If your lacking the collateral for your business loan and maybe your lacking the time to fill ou all of the paperwork you may want to try them for start-up financing.


Post a Comment

Subscribe to Post Comments [Atom]

<< Home

Web Counter
OfficeMax Coupon