Looking to borrow 40k

[sleepy911]

Originally Posted by Shaun @ Tru6

What do you do?

Upholstery. You can search my name I've done some work for many pelicans.

[Hard-Deck]

Sleepy: check into Prosper.com
PM me if you want to discuss

[pcardude]

Now I'm not even willing to loan you the buck. Back to the peanut gallery I go.

Good luck with that.

[sc_rufctr]

Originally Posted by Gogar

With a steady job and great credit, Whats keeping you from going to a traditional lender?

Seems like a fair question.

Good luck with your project.

This...

[Shaun @ Tru6]

Originally Posted by sleepy911

Upholstery. You can search my name I've done some work for many pelicans.

Searching just your posts, I found 3 sets of sport seats you did for Chino. They all looked excellent. I should have some work for you this winter in a similar direction as the Rocket Wrench car.

Good luck with the raise. I hope you have a 20% buffer as part of the $40K, I've never seen any building project come in on budget both in time and money. Always easier to pay back extra money borrowed early than to ask for more and no shop owner needs that stress.

[wildthing]

Prosper.com and LendingClub come to mind... Or let your wife own the business and get a small business loan.

[1990C4S]

Originally Posted by wildthing

..... Or let your wife own the business and get a small business loan.

You may have missed this post....

Originally Posted by sleepy911

Im recently divorced and the ex got the house

[wildthing]

Yes I did. Sorry.

[fintstone]

Originally Posted by Shaun @ Tru6

Searching just your posts, I found 3 sets of sport seats you did for Chino. They all looked excellent. I should have some work for you this winter in a similar direction as the Rocket Wrench car.

Good luck with the raise. I hope you have a 20% buffer as part of the $40K, I've never seen any building project come in on budget both in time and money. Always easier to pay back extra money borrowed early than to ask for more and no shop owner needs that stress.

He has done work for me as well. The pieces he did for me were absolutely top quality and a good price.

[impactbumper]

you know this thread made me think about things. 10-15 years ago, I used to walk into my bank and walk out with any decent amount of loan. Now it is getting more and more difficult. OP has stable income, excellent credit and collateral, and banks are not biting....

[Arizona_928]

Things are getting parfy ^^

[jhynesrockmtn]

Lenders are very picky these days vs. prior to the crash. I recently sold a piece of property near Seattle to a young couple. It is a buildable lot, permitted building but the apartment finish work was not permitted prior. Lender said they were fine with it right up until closing and then underwriting got picky. I ended up carrying the contract which was ok but I had plans for the cash. Best of luck, there may be some higher priced private lending models as previously mentioned. Have you tried a truly local bank or credit union? The ones in my area are the only ones doing small commercial loans like I recently closed on a 6 unit apartment building. They may look at the business income, etc. as well as underlying real estate values. Commercial rates are certainly higher than residential but much lower than a high risk private lender.

[petrolhead611]

Do you not have the Peer to Peer lending businesses in the US like we have here in the UK?
There is one I make loans via in the UK .Money&Co but i am not sure whether they would lend to a foreign business

[sammyg2]

LOL sorry, reminded me of this:

LAERTES: Father, my ship sails at the tide.

POLONIUS: A monent, my son, for I have something to
tell you.

LAERTES: But I ask only for my allowance.

POLONIUS:
Ah, but I shall give you something far more available:
advice.

LAERTES:
Do you know how much wine you can buy in Paris
with advice?

POLONIUS: Paris is a wild and wicked town. And you are
but a young and innocent boy.

LAERTES:
(To audience) Oh, could I tell him a few stories.

POLONIUS: Heed my words, Laertes, and you’ll be safe.

LAERTES: (Unless I listen, I won’t get my spending money.
So I’ll listen.

POLONIUS: (Sings to the Toréador's song from the opera Carmen) Neither a borrower nor a lender be,
Do not forget: Stay out of debt; Think twice, and take this
good advice from me, Guard that old solvency. There’s just
one other thing you ought to do. To thine own self be true.

[Enter entire cast]
ALL:
(Sing)
Neither a borrower nor a lender be,
Do not forget: Stay out of debt;
Think twice, and take this good advice from me,
Guard that old solvency.
There’s just one other thing you ought to do,
To thine own self be true.

[sleepy911]

It's good advise. I own my cars and shop equipment outright. But I don't know to many people that bought their house or business without some sort of financing. And if you able more power to ya. The divorce really hit me hard financially luckily I am downsizing so I should rebound quickly. I'm 42 and with my plan should be debt free and clear in 5 years. I'm completely off grid and my total hard bills after the 5 years will be under 500 bucks. I'm hoping then to just work part time and enjoy life more. My land is 10 acres and on the lake. I ride quads, shoot guns, hunt deer and turkeys, and piss in the trees when I'm outside. It's pretty much paridise.

Originally Posted by sammyg2

LOL sorry, reminded me of this:

[ckelly78z]

We just finished building a 60x104' metal pole barn for an indoor riding arena/5 stall horse barn. With the 3 dumptruck loads of of fine "riding" stone, and the 3 dumptruck loads of fill dirt(I spread it all out with my frontend loader), we had just shy of $40,000 into the entire project. We did most of the work ourselves, including renting a Bobcat to drill the 36 12"x4' deep holes for all of the upright poles. We also borrowed my neigbor's grade-all forklift with the 40' telescoping boom, and set all of the trusses. We did hire out the high metal work, and cross trusses to guys with the proper equipment. I don't think $40K will get you too much of a barn if you don't plan on doing most of it yourself