How do I start a Money Lending Business?
I want to start a Business in that, I lend money to people who need cash ASAP, to pay bills, buy stuff, etc. All you need is a Job and you get approved. I could start off small like 1-500, then if it goes good I can increase the amount. How much start-up money is needed and what else is needed?
Well, you need to do projection of your financials. Identify your fixed and variable expense per month, your projected interest income, etc… From there you will be able to know how much is needed at start-up and month on month until your income becomes fully sufficient to sustain your operations.
cool. I want this kind of business too.