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Forum
-> Household Management
-> Finances
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amother
Brown
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 Wed, Aug 08 2018, 2:07 pm
It seems business loans are hard to get.
How do people start businesses in the US of startup costs are 100-200k?
What happens if the business fails?
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amother
Vermilion
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Wed, Aug 08 2018, 2:10 pm
my dh started a businesses. It failed. We used inheritance to start it. His partner had the idea but not the cash. Part of the money we put in was "lent" to his partner as his share. Only G-d knows if he'll ever pay us back...
not all businesses have such high start up costs.
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amother
Vermilion
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Wed, Aug 08 2018, 2:22 pm
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someone else I know is trying to start a business. It's also not going as smoothly as she hoped...
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amother
Pumpkin
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Wed, Aug 08 2018, 4:03 pm
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There is a huge range in terms of start-up costs. Someone without capital, loans or investors will likely have to either enter a partnership- for combined capital- resign herself to a business with lower start-up costs.
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