Launching a small business isn't easy even in the best of times, and with the credit crunch, getting to opening day can seem near-impossible. And if you've got no collateral or poor credit, qualifying for a traditional bank loan will be an uphill battle at best. But you don't have to go straight to a traditional lender to find the investment cash you need.
With Business Loans from Family & Friends, you'll get the inside details on how you can take advantage of an area of lending that accounts for more than 50% of all business start-up investment money. And, if you've already identified a potential investor, this resource will help you structure the deal so that everyone understands the details and no one gets hurt, all while staying within the law.
Business Loans from Family & Friends shows you how to approach potential lenders and present a professional loan request, and will help guide you toward an agreement that will protect both sides. You'll get complete instructions for drawing up the paperwork to formalize your loan agreement, including:
- loan proposal letter
- letter of intent
- personal financial statement
- promissory note
Written by Asheesh Advani, founder of CircleLending (now Virgin Money) and a pioneer in the business of managing person-to-person loans, Business Loans from Family & Friends offers you a smart way to keep family money within the family.
“A timely contribution to the topic of small business financing…”
- Richard Field, Former Chairman of the board, Mastercard USA
“A must-read for any entrepreneur.”
- David Verrill, Founder, Hub Los Angeles Investment Group
“Getting financing is difficult, but using the tools provided in this book will make it considerably easier.”
- Steve Mariotti, Founder and President, Network for Teching Entrepreneurship (NFTE)
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