I am looking for a $21,000 loan for a six month term.
Return - $42,000 in 6 months, i.
e.
principal of $21,000 + $21,000 profit.
Who am I? A seasoned (long in the tooth) investor, serial entrepreneur and business advisor.
So why would someone like me need a loan, or not go to conventional sources? For that matter, why am I not successful enough to weather this latest financial storm?
I'm not going to give you excuses.
It's a combination of bad timing, being over-leveraged, which is also reflected in my credit profile, and people not delivering on their promises to me.
If I were posting this two months from now, well, I wouldn't be posting this two months from now, because I'd have the money.
I have a wife that has stuck with me for over 30 years and my God who has stuck with me even longer.
The thought of being evicted and having my wife lose our place is more than I can bear.
I would do anything I need to survive, but I won't put her through that.
Accounts receivable and prospects: I have a JV Partnership that has had its challenges but we have agreed to part ways for the sum of $225K to be paid over the next 3 months + an additional $20K to $25K being recovered from an additional loan made to season a business bank account; a separate investment due to return approx $20K more by late February and at least twice that every two months after the initial $20K; a $45K return on investment by February 29th of this year; additional personal loans to the tune of approx $100K, that I generously gave out to everyone who called me friend over the last 10 years, believe it or not, some actually return my calls.
I could go on, but I'll stop here.
I'm someone who has a solid business network of professionals who, sadly, would think less of me if I went to them, hat in hand.
Who's to say that I won't falter at some point in the future and make mistakes again? No one.
In truth people like me fail sometime and will again.
We only hope that the lessons we learn will prepare us for the next challenge.
I'd like to think that they have and that there are people who can still benefit from my mistakes and my experience.
Take a chance on me and I will do my level best to add real value to your life and maybe, just maybe make us both rich (or you richer).
Thanks for reading this.
This was painful enough to write, so, I'm not going to ratchet up the pain by painstakingly editing it too.
If there are errors in spelling, grammar, syntaxes, sorry, too late.
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