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/biz/ - Business & Finance

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16021027 No.16021027 [Reply] [Original]

If I am in debt, can I get a business loan still? I want to try to get a $100k loan to pay off my personal debt then play around with the money and hopefully profit. I have a good business plan that I can provide to the banks so they can approve my loan. How does it even work to get approved? My business currently has no credit and $0 balance

>> No.16021060

>>16021027
Yeah, it’s pretty easy. Once you’ve taken out a 100k loan to pay off your debts, then use the rest to “play with”, all you have to do to cover your now 100k debt is to just take out another loan this time 150k to pay off your debt and “play around with” the rest.

>> No.16021109

>>16021060
Anon I...

>> No.16021146

>>16021060
until you take out the 200k loan then things really get moving

>> No.16021165
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16021165

> I have a good business plan that I can provide to the banks so they can approve my loan.
>How does it even work to get approved?
holy shit

>> No.16021176
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16021176

>>16021027
yikes

>> No.16021198
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16021198

>> No.16021219

keked at this>>16021060

what you're talking about OP is fraud lol

>> No.16021227

>>16021027
>yeah lets give a loan to some schmuck that cant even pay off his debts
What are you? Australian?

>> No.16022119

>>16021027
Based retard

>> No.16022397

>>16021027
>hard working coomer hand

>> No.16022488

>>16021165
What brah, idk how it fully works

>>16021219
Nigga this is biz not irs whistleblowing program

>>16021227
American

>> No.16022507

>>16022488
The irs does lurk here but mostly for fun and to find ideas to pass along to their superiors in the hopes of getting a promotion pushed up. We don’t get to lurk at work unless they are specifically assigned to investigate crypto, and even then they can only lurk for research and not to catch some poor autist.

>> No.16022507,1 [INTERNAL] 

from one loan to another? not the best idea