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  1. #1
    SitePoint Addict shaxs's Avatar
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    Small, short term loans, advice

    Hello All,

    I am not having trouble paying my bills and I am sitting on a good cushion. I have the opportunity to invest and buy a web network, already making good profit, that is directly related to my business. It will 1) Make money by itself, 2) Boost the sales of my software with cross promotion . The new network gets 200 times more traffic (and it is tailored to my specific market) than my current website and my software sells for $80 a piece plus a $14.95 monthly recurring fee (huge potential). It is a great buy and I am getting a good deal. I am looking for only $3000 to finish this deal. I could empty my account to finish the deal, but I would rather not.

    Getting a loan is my backup. I have a classic car that is up for auction that went for $4200 last time, but I didnt sell. This time it is back and I am willing to accept $4200.

    Does anyone have any experience or advice in getting a short 3-5 month loan for such a small quantity? Most banks will not loan this little. I am willing to take a high interest rate. I have a substanial amount of invoices that clients owe and or contracts just starting that will bring moeny for the next two months, so the problem isn't really money but timing. Should I suck it up and ask for a loan from a family member? I would appreciate any feedback!

  2. #2
    SitePoint Zealot
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    What's wrong with credit cards?

    Ok... that was a dumb rhetorical question, but in this situation...

  3. #3
    SitePoint Addict shaxs's Avatar
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    Turn around time is too short. I need it within 3-4 days. I do have a satck of atleast 25 applications that have come in the past month that are awating shredding hahaha. I did an official count, I have 19 waiting here. Are credit cards really the best option?

  4. #4
    SitePoint Enthusiast
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    Why Not try a Pay day loan, But I am not sure how much they borrow you in the USA here in the UK Pay day Loans can be up to 1200 British Pounds and you can usually have the money within no more than 48 hours as long as you have a bank account and a cheque book, try a google search for a payday loan in the USA.

    regards
    MD

  5. #5
    SitePoint Zealot
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    You are going to pay a lot of interest for any short term low amount anyway, so credit cards or payday loans I guess are one way to go. This is under the assumption that you have absolutely no other alternative to getting money (I would personally sell a kidney before getting a payday loan, but...)

  6. #6
    SitePoint Zealot chihpih's Avatar
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    how about loan sharks? j/k why not ask your friends or relatives for a short term loan?
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