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Business startup: need $750k land, 500k building or reno, $100k startup cash, 200k liquid for first few months. Which costs can be financed or borrowed for business against personal credit?

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Launch an ICO


Sounds like restaurant


Ask the person who just received 2 million in inheritance to partner with you


Not sure, but if you are this cryptic with a bank you won't get far.


Sounds like a brothel


All of them@if you have a $1.5 MM piece of collateral

All of them, if you have a high enough income or enough collateral to put up.

You need $2m? How much do you currently have, what collateral do you have, is this business generating revenue already,

Bulk of costs is the damn real estate. New business no revenue ( can’t without the building). Given the breakdown in cost, what kind of collateral or income would be asked for? Decent income, multiple rentals (newish), and high equity percentage in primary home.

P1, not a bad guess. However if it were a restaurant, why but the land and rent instead? My guess is a small apartment building of some sort...or lofts

Fun game btw.

Not a restaurant - it’s higher margin but similar idea (local business selling some service).

Whatever you can't Kickstart

Except that person will only gave +\- $1m after taxes eat away at his inheritance

Yea wasn't really thinking about the land except for it's a very very specific spot that OP considers prime location and wants total control. Sucks to build out a spot and be good for the initial lease and then get fucked by a greedy landlord.

OP - not something I'm super familiar with but small business funding isn't easy I think. Need to deal with credit unions and commercial banks. You will need to use collateral from the land, building, equipment - and have personal collateral and guarantee for the rest.

Best bet is to gather some capital from network too.

Do you absolutely need the 1.25 m for build out?

That's a lot for a first business

agree, p1. And perhaps not. But there are lots of regulations on space and setup. It’s almost impossible to find an existing structure with space and land. Rental isn’t out of the question though.

Dumping that kind of capital into fixed assists with no revenue stream is rough...

As a former commercial lender, I can tell you that no bank would touch this with a 10 foot pole. Going to have to look at more creative sources.

Especially if this is some legal gray area thing like a grow op.

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