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Thread: Business Loan

  1. #1
    NeedHelp Guest

    Business Loan

    I'm thinking about taking out a business loan to start a web-based business - software programming. The money would be spent to buy the IDE (Visual Studio 2005), server space, templates, and advertisement. Is this possible? Has anyone ever taken out a business loan for a website business?

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  3. #2
    ravs2k6 Guest
    I have never heard of business loans for web-based business..not atleast officially...You will be lucky if u get one on this.But alternatively you can take it for putting up a software development center.

  4. #3
    Lop's Avatar
    Lop
    Lop is offline Speaks fluent binary
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    Shouldn't this be in the business and legal forum?

    I've never heard of anyone getting a loan for a website but I have seen the commercials for a book that helps you get loans that you do not have to pay back. I'm not sure this is legit or not. Might want to try searching amazon.

  5. #4
    Jordan Guest
    Yes, it should be in the business and legal forum. Moved now.

  6. #5
    Dan
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    Be very careful taking out loans etc. it is exceptionally easy to get yourself into debt, and if you are looking at loans/venture capital you do not want to have to bankrupt yourself and blacklist yourself for any future projects.

    My advice? Set out to invest say $100 in something, one of your projects or a website. Then aim to make say $500. Then once you acheive that, do the same until you hit the money required for the business. It may take a few months or even years but you will be in a much better position.

  7. #6
    Kaabi Guest
    I wouldn't take a loan on a web business, I've never even heard of someone doing that before. If I were you, I'd use my own money.

  8. #7
    kianfatt1982 is offline Newbie
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    Dont get your self into debt

    NeedHelp

    I agree with what Dan Said,

    Quote Originally Posted by Dan View Post
    Be very careful taking out loans etc. it is exceptionally easy to get yourself into debt, and if you are looking at loans/venture capital you do not want to have to bankrupt yourself and blacklist yourself for any future projects.

    My advice? Set out to invest say $100 in something, one of your projects or a website. Then aim to make say $500. Then once you acheive that, do the same until you hit the money required for the business. It may take a few months or even years but you will be in a much better position.
    I dont know about US, but in my Country (Malaysia), goverment would have a incentive scheme for entrepreuners, they would load entreprenuers money to start up business, sometimes even sponsor, but only for traditional business like manufacturing, but for IT and Software, there is no such incentive in malaysia (or not that I know of).

    Dont get your self in debt, you would be stressed out before enven you have your first commision.

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