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Business Loans from Family & Friends

How To Ask, Make It Legal & Make It Work

By Asheesh Advani, 1971-

Ask for a loan from trusted family and friends, keep everything legal and start your business without the bank!

Launching a small business isn't easy even in the best of times, and with the credit crunch, getting to opening day can seem near-impossible. And if you've got no collateral or poor credit, qualifying for a traditional bank loan will be an uphill battle at best. But you don't have to go straight to a traditional lender to find the investment cash you need. 

With Business Loans from Family & Friends, you'll get the inside details on how you can take advantage of an area of lending that accounts for more than 50% of all business start-up investment money. And, if you've already identified a potential investor, this resource will help you structure the deal so that everyone understands the details and no one gets hurt, all while staying within the law.

Business Loans from Family & Friends shows you how to approach potential lenders and present a professional loan request, and will help guide you toward an agreement that will protect both sides. You'll get complete instructions for drawing up the paperwork to formalize your loan agreement, including:

    loan proposal letter letter of intent personal financial statement promissory note

    Written by Asheesh Advani, founder of CircleLending (now Virgin Money) and a pioneer in the business of managing person-to-person loans, Business Loans from Family & Friends offers you a smart way to keep family money within the family.

Format

Electronic Resources

Availability

1 available at Main (Downtown)
  • 658.1526 Adv, Nonfiction
1 available at Wheatley (Shandon)
  • BUSINESS Finance Adv, Nonfiction

Publish Date

2009

ISBN

9781413310788


Format: Electronic Resources
Author: Advani, Asheesh, 1971-
Title: Business loans from family & friends : how to ask, make it legal & make it work / by Asheesh Advani.
Publisher Date: Berkeley, Calif. : Nolo, 2009.
Subject: Small business -- Finance Business enterprises -- Finance Self-financing Commercial loans
Isbn: 9781413310788 1413310788
Current Holds: 0
System Items Available: 2
System Items Total: 2
Call Number: 658.1526 Adv
Oclc:
Upc:
Bib Id: 338978

Format: Electronic Resources
Author: Advani, Asheesh, 1971-
Title: Business loans from family & friends : how to ask, make it legal & make it work / by Asheesh Advani.
Edition: 1st ed.
Publisher, Date: Berkeley, Calif. : Nolo, 2009.
Description: 287 p. : ill ; 23 cm. +
Subjects: Small business -- Finance
Subjects: Business enterprises -- Finance
Subjects: Self-financing
Subjects: Commercial loans
Other Title: Business loans from family and friends
Notes: "All forms on CD-ROM"--Cover.
Notes: Includes index.
Notes: System requirements for CD-ROM: Windows XP or Vista, or Macintosh OS; word processing software for RTF files; Adobe Reader for PDF files.
Contents: Why raising money from family and friends is for you and yours -- Checking out all your financing options -- Basic legal and tax issues of business loans from family and friends -- Deciding who to ask for money -- Preparing your business plan and your fundraising request -- Deciding interest rate, repayment schedule, and other loan terms -- Drafting a loan request letter -- Making the "kitchen table pitch" -- Preparing a promissory note, security agreement, and other loan documents -- How to be your own investor relations department -- Handling gifts from family and friends -- Appendix A. How to use the CD-ROM -- Appendix B. Small business loans forms and worksheets.
LCCN: 2009023479
ISBN: 9781413310788
ISBN: 1413310788
Requests: 0
Available Copies: 2
Total Copies: 2
Call Number: 658.1526 Adv