how to get a hard money loan for my new business?
Jun 29, 2009
in
Hard Money Loans
because i just got this new company but need someone money to get it going
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2 comments
Scam hater on June 29, 2009 at 3:17 pm
Please take care – there are scammers on Y!A who actively seek out questions like yours and then offer loans but are scammers
Here are some tips for determining whether a loan is legitimate or a scam:
1) They don't use a free email address (yahoo, gmail, hotmail, etc)
2) They have a secure website you can go to to fill out their application (and no excuses about it being down at the moment)
3) They don't require ANY fees upfront (regardless of whatever excuse they use). Any fees will come out of proceeds of the loan (scammers want their fees via Western Union or Moneygram)
4) They have a REAL address (check it in the yellow pages) you can send mail to
5) They have a REAL phone number, not a cell phone
Often if you click on their profile you will find it is created in the last 24 hours – why? Because they are reported, profile closed down, but they simply create a new profile and start up again
Save yourself another headache and avoid them like the plague. The one from Victoria Dingley above my post is a prime example of what I mean…. do not go anywhere near it.
Sam S on June 29, 2009 at 3:17 pm
Try setting up a with free account with GoBigNetwork.com and you should be able to receive a few inquiries and letter from angel investors / venture firms that might contact you if they're interested in your company.