Poorfag right here. Rate my plan x/10. I have about $20,000 rn, but want to have more. I was thinking of buying a business with sbaloan with $20,000 down, and then borrowing against the cash flow for more money to buy cryptos. I could use the company assets as collatoral for lendingclub and get around $400,000 to invest in mining/ shitcoins.
what do anons think?
answer me TARDS REEEEEEEEEE
You can get a 400k loan from 20k?
you are going to die.
This idea will kill you
What's your credit score and income? You could probably get a personal loan of up to $100k at sofi.com at 8% interest.
no. i borrow $250,000 with $20,000 to buy a business. the business generates about $100,000 a year in profit. Then I use the $100,000 a year and go to a bank and ask for $400,000 for expansion purposes (aka cryptos and shitcoins).
explain?
sounds interesting. more money to borrow.
come on faggots. x/10. it isnt that hard
poorfag
has 20k
righto
Spare a 5$ for a rope because if you're not a larp you're gonna need it