what does it take to get a loan I got a great question for my newsletter readers
great question for my newsletter readers
great question for my newsletter readers love you guys namu casa who wrote in to
love you guys namu casa who wrote in to
love you guys namu casa who wrote in to say what does it take to get a loan and
say what does it take to get a loan and
say what does it take to get a loan and how can you pay it if you want to start
how can you pay it if you want to start
how can you pay it if you want to start a small business so a lot of
a small business so a lot of
a small business so a lot of entrepreneurs when they’re thinking of
entrepreneurs when they’re thinking of
entrepreneurs when they’re thinking of getting started they need the money to
getting started they need the money to
getting started they need the money to get launched they think bank how do I
get launched they think bank how do I
get launched they think bank how do I get money from the bank and get a low in
get money from the bank and get a low in
get money from the bank and get a low in the sort of company the thing to
the sort of company the thing to
the sort of company the thing to remember here is most banks are not
remember here is most banks are not
remember here is most banks are not startup friendly banks do not like
startup friendly banks do not like
startup friendly banks do not like entrepreneurs because they don’t like
entrepreneurs because they don’t like
entrepreneurs because they don’t like risk they want something they can take
risk they want something they can take
risk they want something they can take right they’ll finance your house because
right they’ll finance your house because
right they’ll finance your house because if you can’t make a payment they’re
if you can’t make a payment they’re
if you can’t make a payment they’re going to take your house and so with a
going to take your house and so with a
going to take your house and so with a startup business banks don’t like
startup business banks don’t like
startup business banks don’t like lending money typically if you are under
lending money typically if you are under
lending money typically if you are under 3 years in business then the only way
3 years in business then the only way
3 years in business then the only way they’ll give you money is based on a
they’ll give you money is based on a
they’ll give you money is based on a personal guarantee which means you have
personal guarantee which means you have
personal guarantee which means you have to personally guarantee that you’re
to personally guarantee that you’re
to personally guarantee that you’re going to pay back the money so if your
going to pay back the money so if your
going to pay back the money so if your business goes under you’re still on the
business goes under you’re still on the
business goes under you’re still on the hook so it’s not really a small business
hook so it’s not really a small business
hook so it’s not really a small business loan it’s a personal loan for you and
loan it’s a personal loan for you and
loan it’s a personal loan for you and that’s going to just depend on your
that’s going to just depend on your
that’s going to just depend on your credit history if you have good credit
credit history if you have good credit
credit history if you have good credit you can get to loan you don’t have good
you can get to loan you don’t have good
you can get to loan you don’t have good credit you’re not going to get the loan
credit you’re not going to get the loan
credit you’re not going to get the loan and so Ben’s are typically not the place
and so Ben’s are typically not the place
and so Ben’s are typically not the place to look for but I would also you know
to look for but I would also you know
to look for but I would also you know encourage you not to start a business on
encourage you not to start a business on
encourage you not to start a business on alone because you’re in debt and you’re
alone because you’re in debt and you’re
alone because you’re in debt and you’re paying money back and you’re not making
paying money back and you’re not making
paying money back and you’re not making anything yet and the problem with
anything yet and the problem with
anything yet and the problem with entrepreneurs at the start is the
entrepreneurs at the start is the
entrepreneurs at the start is the business that you start with Israeli the
business that you start with Israeli the
business that you start with Israeli the business you end up with you have to
business you end up with you have to
business you end up with you have to make lots of changes the assumptions
make lots of changes the assumptions
make lots of changes the assumptions that you make will be wrong the things
that you make will be wrong the things
that you make will be wrong the things you think will work won’t work and other
you think will work won’t work and other
you think will work won’t work and other things will and you have to change and
things will and you have to change and
things will and you have to change and figure it out understand the market
figure it out understand the market
figure it out understand the market that’s how it goes with entrepreneurs
that’s how it goes with entrepreneurs
that’s how it goes with entrepreneurs you look at the successful entrepreneurs
you look at the successful entrepreneurs
you look at the successful entrepreneurs you look at what they started with it’s
you look at what they started with it’s
you look at what they started with it’s never what they ended up with they
never what they ended up with they
never what they ended up with they always had to change many times before
always had to change many times before
always had to change many times before they hit their big idea and so all this
they hit their big idea and so all this
they hit their big idea and so all this time while you’re experimenting you’re
time while you’re experimenting you’re
time while you’re experimenting you’re losing money because you have to pay
losing money because you have to pay
losing money because you have to pay back this bank loan if you want to get
back this bank loan if you want to get
back this bank loan if you want to get started I’d say boots job find a way to
started I’d say boots job find a way to
started I’d say boots job find a way to get it started without spending any
get it started without spending any
get it started without spending any money started as a service if you need
money started as a service if you need
money started as a service if you need to get close to your customers learn
to get close to your customers learn
to get close to your customers learn what they need learn how you can help
what they need learn how you can help
what they need learn how you can help them instead of going into personal debt
them instead of going into personal debt
them instead of going into personal debt to get this company launched another
to get this company launched another
to get this company launched another great way to do it is to get a job go
great way to do it is to get a job go
great way to do it is to get a job go work for somebody and don’t just get a
work for somebody and don’t just get a
work for somebody and don’t just get a job to make money get a job to learn the
job to make money get a job to learn the
job to make money get a job to learn the reason why you get a job is to learn you
reason why you get a job is to learn you
reason why you get a job is to learn you work to learn I have an entire zucca
work to learn I have an entire zucca
work to learn I have an entire zucca guide that’s dedicated to working to
guide that’s dedicated to working to
guide that’s dedicated to working to learn the break down all the steps on
learn the break down all the steps on
learn the break down all the steps on how to do it but basically you want to
how to do it but basically you want to
how to do it but basically you want to find somebody who has done what you want
find somebody who has done what you want
find somebody who has done what you want to do who’s accomplished what you want
to do who’s accomplished what you want
to do who’s accomplished what you want to accomplish and go work for them you
to accomplish and go work for them you
to accomplish and go work for them you get paid so you’re not worried about you
get paid so you’re not worried about you
get paid so you’re not worried about you know paying your bills you’re getting
know paying your bills you’re getting
know paying your bills you’re getting paid to learn you’re making industry
paid to learn you’re making industry
paid to learn you’re making industry contacts you’re making mistakes while
contacts you’re making mistakes while
contacts you’re making mistakes while getting paid it’s like going to
getting paid it’s like going to
getting paid it’s like going to university but getting paid to do it
university but getting paid to do it
university but getting paid to do it you’re making contacts so that when you
you’re making contacts so that when you
you’re making contacts so that when you launch your business you already know
launch your business you already know
launch your business you already know what you’re doing you don’t need the
what you’re doing you don’t need the
what you’re doing you don’t need the money you can line up clients that’s the
money you can line up clients that’s the
money you can line up clients that’s the better way to do it and to fund it then
better way to do it and to fund it then
better way to do it and to fund it then they go into debt and take on a personal
they go into debt and take on a personal
they go into debt and take on a personal loan to launch so maybe not the answer
loan to launch so maybe not the answer
loan to launch so maybe not the answer you wanted to hear but that’s my advice
you wanted to hear but that’s my advice
you wanted to hear but that’s my advice believe those you watch like the video
believe those you watch like the video
believe those you watch like the video thumbs up below let me know what you
thumbs up below let me know what you
thumbs up below let me know what you think let me know if you’ve gone to the
think let me know if you’ve gone to the
think let me know if you’ve gone to the bank and tried to get funding and we’re
bank and tried to get funding and we’re
bank and tried to get funding and we’re accepted or rejected your experiences
accepted or rejected your experiences
accepted or rejected your experiences leave it in the comment section below
leave it in the comment section below
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