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re: where to start about finding out your worth...
Posted on 11/30/12 at 5:12 pm to Janky
Posted on 11/30/12 at 5:12 pm to Janky
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!
1
Posted on 11/30/12 at 5:23 pm to Llama
Yes, cash flow is key. A couple of years ago the banks were turning down what I believe was 2:1 using land as collateral. This may have loosened up since then.
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