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If i want loan money to businesses on a small scale?

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What are some things that are required, how can I handle it if they don’t pay me back. These are short term loans, businesses who need money. between 500-2500 dollars. I’m looking for quick return I know this is risky so what are some things I can do to protect myself from fraud and theft?

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There are 2 Responses to “If i want loan money to businesses on a small scale?”

#1 rooster - 08 November, 10:55 PM

have a contract specifically stating what exactly will be paid back and when -2 also state in the contract that a piece of equipment is up for collateral (a fryer an oven a refrigerator etc) -if all fails you can go to small claims court and get the money with the contract or keep the equipment and sell it to a supplier

#2 geevi a - 10 November, 4:23 AM

Try your credit union , prosper or forums.

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