9 crazy ways to find a million for a business. And one more - reasonable

2024 Author: Malcolm Clapton | [email protected]. Last modified: 2023-12-17 03:44

If the business is in danger and you need a lot of money, you can borrow it from friends, help out for selling a car, or try to win at a casino. Together with we explain why these and other ideas are so-so.

We have collected even more tips from PSB for those who dream of their own business here.

Borrow from parents and friends. Normal plan?

This is the first thing that comes to mind. And this decision has a plus - good conditions. It is unlikely that friends will want to receive large interest from you.

What's wrong

Even close people can take a receipt from you, according to which you will have to answer, as under a loan agreement. It can include the accrual of interest, late fees, pledges on property such as a car. If things go wrong, you will lose not only your business, but also your good relationships. No wonder they say: "To give in debt - to lose friendship."

Empty credit cards? No wonder they gave me such good limits

Not a bad option if you do not need to withdraw cash - for example, you pay for the services of a provider. In this case, the credit card, depending on the bank, will give you a grace period of 50-100 days to find money before interest starts to drip.

What's wrong

Using a credit card is not as profitable as taking a consumer loan. Usually, the card rate is one and a half times higher than the consumer loan rate. And if you decide to withdraw cash, you will be charged a commission. On average, banks charge 3% or more.

Maybe sell the car?

If you are sure that the deal will bring the required amount, then proceed. Be prepared to ride the subway before things go uphill, which may not happen right away. Before selling, it would be a good idea to find an appraiser who can help you find out the real value of the car. If money is urgently needed, you are unlikely to sell at market price, but at least you will notice if someone tries to cheat you.

What's wrong

You can quickly sell a car only to resellers. They will buy a car for less than its real price in order to make money on it. Organizations that deal with the urgent purchase of cars promise to pay up to 95% of the market value. But such a percentage is unlikely to be offered to you: the concept of a fair price is very extensible, and "outbid" want profits. Focus on 70%, and if you can agree on more - great.

What if you take a few small loans?

Yes, microloans are approved on the day of application, and only a passport is needed for processing. Usually, MFOs give out no more than 30-50 thousand rubles, so you have to run around if you need a large amount.

What's wrong

The interest rate on microloans can reach 1% per day - this is 365% per annum. This is at least 15 times more than in the bloodthirsty bank! Each loan is reflected in the credit history, and when you come to the tenth MFI, you may be refused. And 10 more extra requests to the BKI will look suspicious. This can affect your scoring score, on which banks make decisions.

It is better to take all the necessary amount at once at a good percentage. With the loan "It's simple!" from PSB you can get up to a million rubles at a rate of 16, 5%. By the way, it will not grow and will remain so for the entire duration of the loan.

Do you really have to sell a kidney?

They say that one can pay hundreds of thousands of euros for a kidney.

What's wrong

According to No. 4180-I "On transplantation of human organs and tissues", the sale of organs in Russia is prohibited. A missing kidney will backfire in old age - donors are more likely to suffer from hypertension. For a person with one organ, a special diet is recommended that excludes alcohol. There is no way to celebrate the rescue of the business.

How about finding an investor?

Perhaps this is the best solution possible. If your business is not profitable enough, the interest on the loan can stifle it. Therefore, finding an investor is often more profitable. He can become a partner and help in other difficulties, so that your business will survive and bring him profit.

What's wrong

When working with an investor, you need to carefully secure all agreements, and this does not combine well with urgency. Be sure to discuss the investor exit scenario. If you don’t want to sign a contract, let it remain at least in your postal correspondence.

Pay attention to how the investor will influence decision making. Maybe he wants a decisive vote, since he saved your company? It is important to write down what you guarantee the investor. If the business goes bankrupt, will you get your money back?

It is also worth discussing the buyback of the stake. If an investor is now investing half of your turnover, what will he get in 5 years, when the turnover grows 10 times? Half of your turnover again? Most likely, it will be an astronomical amount.

Go to the casino, or what? If you bet on "red" and double the amount each time, sooner or later I will win

A great way if you want to not only solve your problems, but also have a good time. But there is a nuance: since July 1, 2009, casinos have been banned on the territory of Russia according to 244-FZ "On the gambling business". They are allowed only in five game zones - in the Altai, Krasnodar, Primorsky Territories, the Republic of Crimea and the Kaliningrad Region. Therefore, most Russians will have to travel a little more.

What's wrong

The strategy of increasing the rate and betting on the same value every time in the hope that sooner or later it will fall out, only seems logical. In addition to “red” and “black”, there is “zero” in roulette, therefore, with a large number of spins, the casino remains in the black. In addition, the maximum bet size may be limited.

Reduce costs? For example, negotiate a rental rate reduction or an installment plan

Great idea! It is beneficial for the landlord to cooperate with you, because you are already making a profit. If you move out, you will have to look for a new tenant and wait until he equips the outlet. Entrepreneurs often arrange rental vacations for the period of renovation, and all this time the retail space does not bring profit to the owner.

What's wrong

There is a risk that you will not be able to agree. The landlord seems big and scary, and he knows it. The owner of the real estate will be able to press if he feels your need - the fear of moving out of the spot and remaining in even greater debts. Try it, but don't count on anything and solve the problem in a different way at the same time.

Take out a bank loan secured by property? The apartment is still there

As with selling a car, consider that you no longer have an apartment. Even if she is still with you. If you are willing to take the risk, then banks can issue an amount of up to 15 million on good terms. The rate on such a loan may drop to 9%.

What's wrong

If you have only one apartment, you won't be able to get a loan. According to 24 of the Civil Code of the Russian Federation, a citizen cannot be liable for obligations with his only housing. The bank will not take your last apartment from you, which means that it cannot be a pledge.

And if you take out a loan for a business? But they say that everywhere they refuse and registration is a terrible hassle

You can get a loan. It's just for business. They give up to a million rubles, and there are no difficulties:

• The rate is 16.5% per annum.
• Solution in 24 hours.
• Only two documents are needed: consent to a request to the BCH and to the processing of personal data and information on the company's turnover.
• To apply for a loan, you do not need to go to the bank's office - the application is submitted completely online. To open a current account, the manager will come to you himself.

True, the loan from PSB "It's simple!" issued only if the business has existed for more than 12 months.