shaxs
Contributor
Hello All,
I am not having trouble paying my bills and I am sitting on a good cushion. I have the opportunity to invest and buy a web network, already making good profit, that is directly related to my business. It will 1) Make money by itself, 2) Boost the sales of my software with cross promotion . The new network gets 200 times more traffic (and it is tailored to my specific market) than my current website and my software sells for $80 a piece plus a $14.95 monthly recurring fee (huge potential). It is a great buy and I am getting a good deal. I am looking for only $3000 to finish this deal. I could empty my account to finish the deal, but I would rather not.
Getting a loan is my backup. I have a classic car that is up for auction that went for $4200 last time, but I didnt sell. This time it is back and I am willing to accept $4200.
Does anyone have any experience or advice in getting a short 3-5 month loan for such a small quantity? Most banks will not loan this little. I am willing to take a high interest rate. I have a substanial amount of invoices that clients owe and or contracts just starting that will bring money for the next two months (not to mention my full time job at an internet company), so the problem isn't really money but timing. Should I suck it up and ask for a loan from a family member? I would appreciate any feedback!
I am not having trouble paying my bills and I am sitting on a good cushion. I have the opportunity to invest and buy a web network, already making good profit, that is directly related to my business. It will 1) Make money by itself, 2) Boost the sales of my software with cross promotion . The new network gets 200 times more traffic (and it is tailored to my specific market) than my current website and my software sells for $80 a piece plus a $14.95 monthly recurring fee (huge potential). It is a great buy and I am getting a good deal. I am looking for only $3000 to finish this deal. I could empty my account to finish the deal, but I would rather not.
Getting a loan is my backup. I have a classic car that is up for auction that went for $4200 last time, but I didnt sell. This time it is back and I am willing to accept $4200.
Does anyone have any experience or advice in getting a short 3-5 month loan for such a small quantity? Most banks will not loan this little. I am willing to take a high interest rate. I have a substanial amount of invoices that clients owe and or contracts just starting that will bring money for the next two months (not to mention my full time job at an internet company), so the problem isn't really money but timing. Should I suck it up and ask for a loan from a family member? I would appreciate any feedback!
