This business which is surely going to be a success is to be esterblished and operated in another country, how can i get loan from the United states to finance this business. Right now, i don%26#039;t have any money of mine that i can commit to this business. i would need about $5 million to start. I live in New Jersey,U.S
How can i get loan with ease to finance a business in another country?
This is a very curious question, I%26#039;m not sure if I understand it,
but I can tell you a few hints to consider:
First of all 5 million dollars is a considerable sum of money, and most lenders that I know of would want heavy collateral and
assurances of making sure their money would be paid back with interest.
You would have to show that you are permanently employed, you have at least 30% disposable income to be available, you would have to show the strengths or possibilites of your business venture, from top to bottom, they would have to know the politics of the country you intend to work out of, the exchange rate of the US dollar which changes daily. potential trouble spots that may
come about as a country might nationalize all its assets, and that
includes private business and property, and other confiscations.
The stability of the government in which you intend to do business in and with (you will have to pay their business taxes)
Your lender would ask you such questions as:
If I grant you the money how can you assure me you will repay it within an agreed upon contractual time limit?
Exactly what is the product or service you will be selling?
Have you done a marketing analysis to assure us there is a market for your product or service?
Do you intend to make or buy at wholesale levels?
Will there be inventories to maintain?
What about transportation if needed? USPS/UPS/FEDEX/DHL?
What modes of advertisement do you wish to use?
What do you intend to do to stay away from undercapitalization?
Once in business, what are the possibilities of going broke, or declaring bankruptcy?
Do you intend to use full information technology(IT) management
aids?
Cell phones, printers, MP3s, Ipods, PDAs, main frame computers, lap tops and desk top computers? FAX?
Software costs associated with all IT users, what would be your plan in that department?
See, the lender will require a master plan laid out clear and proper to be able to see what you got, and then decide accordingly.
If you fall short on any of this criteria, the lender migh become
skiddish, and turn down your request for financing.
But these items I have laid out cover the lion%26#039;s share of questions
you can expect to answer, when the lender comes to call.
Thats my message, good luck.
Donald H. Sites
sueanddon350@sbcglobal.net
Reply:esterblished?? Hmmm... Maybe it would help to learn how to spell. And to put together a business plan. And really be in the US. (Nobody says they%26#039;re from %26quot;New Jersey,US.%26quot; Nigerian scammers frequently make that mistake, though.)
Oh, yeah, and try posting in the right place.
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