Somebody approached me wanting me to finance his business, but I have some doubts because I cannot see his blueprint.He wanted me to finance his architectural plans for clients. He needs many materials but he can't provide me details and have not seen his license. I declined and he was upset. In your own opinion, do you think that person is legit?
Have you financed someone else business?
- Thread starter Starmix
- Start date
If the business plan is solid, you could invest and own a 50% share of the business. But he needs to convince you that the business would yield. No one goes about throwing away money.
I have financed my brother's business. That was the time when his business was in some financial trouble. I trusted him a lot and he did repay me on time.
I have never provided financing for anyone's business, and I currently do not have the resources to do so.
I have given financial support to help someone boost his startup capital for his business. It is what we do to help each other.
