How do you start a lending money business? Now in this video, I'm going to break down the Start cost, expenses and also profit of …
source
How do you start a lending money business? Now in this video, I'm going to break down the Start cost, expenses and also profit of …
source
Input your search keywords and press Enter.
20 comments
5000
I need a loan shark is anybody on here ?
MSB registration? Bank compliance? lol. its not just about getting a license and having an accountant and compliance team.
You talk too fast
Do you charge interest by the day or month
Seems like it would cost money to try and sue.
I began doing this without any lawyer, accountant, etc.. im 20 yrs old. I have always done secured loans with collateral in hand, but most people don’t want to give me the collateral for the loan to be secured. What’s a way around this without paying a lawyer lol
I have 15k to start
I need a mentor for my business model
Oh, Tommy's Mom?? Yeah, she can get it! Clap clap! 🎉🎉 lol
$ 200 and want some advice.
great so you pay 4000, to make $1495 LOL great plan
2k and 50k
You need 10 grand for a bond and 25k in assets for licensing in my state
Very nice video. Clear and concise. Thanks 🙏🏾
Why does someone that does not do this business day in and day out give advice on this business 🙄
I really don’t like that!
1246$ & I think it cost 10K
so, if i have $200,000 and i lend it out at 15% that's $30,000 a year or $2,500 a month. if lawyer, account and compliance officer cost roughly $3,000 and i make $2,500 per month how much profit is that? i've got over $200,000 and am interested, but seriously am concerned by costs vs. profit.
I would love to talk to you . I’m in the lending business but I’m lost in having a proper set up.
hello my name is freddy, I'm running a money lending business and I wanted to ask you a few questions about it