Business Loans From Family & Friends

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NOLO, Oct 29, 2009 - Business & Economics - 312 pages
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Skip the bank - create a compelling loan agreement with your friends and family! Your business is your future, whether you're starting up or expanding -- but banks and other lending institutions aren't willing to invest in your "unproven" venture, especially during a credit crunch or if you lack collateral. The solution? Raising money from family and friends!

Business Loans from Family & Friends offers the information, forms and advice you need to create a solid agreement that's structured so that everyone understands the details and no one gets hurt, all while staying within the law. You'll find out how to develop and pitch a financing plan, draw up the paperwork, talk to potential investors and finalize a deal that protects both sides. All the forms you need are available on the enclosed CD-ROM, including:

  • a loan proposal letter
  • promissory note
  • letter of intent
  • personal financial statement
  • and more!

    Business Loans from Family & Friends is written by Asheesh Advani, founder of CircleLending, now Virgin Money, and contains an introduction by Richard Branson, founder and chairman of the Virgin Group. Let their experience in person-to-person loans guide you toward small business success!

    The CD-ROM that accompanies the printed version of this book includes forms or other tools; in this eBook, you'll find all those documents in the appendix or at the back of the book.
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    About the author (2009)

    Asheesh Advani is an entrepreneur, investor, and author. He pioneered the business of managing person-to-person loans between relatives and friends when he founded CircleLending in 2001, which was acquired by Richard Branson's Virgin Group in 2007. As a columnist for Entrepreneur, he is a frequent speaker at industry conferences and a media commentator. He has been quoted in The Wall Street Journal, The New York Times and Time Magazine, and has been profiled on PBS and NPR. He is a graduate of Oxford University and the Wharton School, and is an active member of angel investment groups and Young Presidents Organization.

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