Would You Take this Loan?

I have a start up company whose business plan shows they can net $300,000 in year 1, $1,200,000 year 2 and $1,720,000 in year 3. They just need $100,000 seed capital. They have poor credit, no collateral and no cash flow. I have a venture capital fund that will lend them $150,000 amortized over 10 years at 10% interest. But they will only net $100,000 after fees. Would you take this loan if you had no other choice and you believed you could execute your business plan? Why or Why not? Please respond.

Views: 25

Reply to This

© 2021   Created by Admin.   Powered by

Badges  |  Report an Issue  |  Terms of Service