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re: where to start about finding out your worth...

Posted on 11/30/12 at 2:48 pm to
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 11/30/12 at 2:48 pm to
Assets-liabilities= Net Worth

Add up all of your things subtract anything owed on said things (in your case nothing) and that should be a good jumping off point.
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 11/30/12 at 3:05 pm to
Woohoo! I'm under -$50,000
Posted by Llama
Houston, TX
Member since Nov 2012
13 posts
Posted on 11/30/12 at 5:12 pm to
Also keep in mind, startup business loans can be tough to be approved for in comparison to personal secured debt. Use Janky's formula, then proceed to make sure your credit is spot on. High net worth can be useless if your credit is poor. Be prepared to prove the assets, have at least 2 years of tax returns, as well as a solid cash flow that can cover the loan. Good luck!
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