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2007-02-18 10:51:41 · 5 answers · asked by niks 1 in Business & Finance Small Business

5 answers

Have plenty of money and advertise.
Good luck

2007-02-18 10:56:01 · answer #1 · answered by Scotty 7 · 0 0

Having a source for the money is a good start
In answer to your email:
Having experience in a business is very important.
You need to determine what you want to make loans for, and how you will make sure that the people you lend money to, will actually repay it.
How much you will charge for lending the money.
If you don't have at least $1 Million to lend, I don't see how you can make a living at it. At 10% that is only an income of $100K a year, which will have to include all the expenses you'll have.
If you figure on more than a 10% return, your risk factor will go way up (like paycheck advance money)

2007-02-18 11:00:34 · answer #2 · answered by Anonymous · 0 0

Start with the state to see whot kind of charter you need for your type of finance co

2007-02-18 12:51:12 · answer #3 · answered by Ibredd 7 · 0 0

Maybe consider becoming a Finance agent first,you can earn good commission while you learn the ropes,take a look at
https://www.mp-finance.com/mainsecure/

2007-02-19 05:27:09 · answer #4 · answered by Anonymous · 0 0

Start by getting some official qualifications such as qualifying as a financial advisor......its not easy, then you'd have to register a company, then you'd have to register with the FSA and so on.....

2007-02-19 03:28:09 · answer #5 · answered by SunnyDays 5 · 0 0

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