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  • I’m ready to lend 10k to a small business but don’t know how to go about it.

    Charles created 1 week ago 0 Member · 1 Post
  • Charles

    Member
    September 13, 2019 at 3:34 pm

    The owner holds 100% of an LLC and will be selling 50% of the company to their new shop manager for $50k once his funds come in. Their previous manager left them in a pretty bad spot and the owner needs capital QUICK. I’m prepared to offer them $10k for 10% equity BEFORE their new shop manager buys in. Is that a fair price? If they decline 10%, I want to receive royalties and a monthly payment until my $10k is paid in full. I’ve never owned a business but I have good credit, liquid assets and really want to help them out. The owner is a non-US resident so they are unable to apply for credit for the business, per their bank. Is that unusual? Halp. – by hq overview hunzilla – –

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