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6/1/2006

How and Where to Borrow Money

Filed under: General Business, Loans Small Business, Small Business — Rebecca @ 8:13 pm

Enlisting a financial partner can be a good move if you get a contract up front explaining in detail HOW the partner is to be paid, whether monthly through payments and maybe a small percentage of profit or whether the partner is going to front all of the money for no “payback” payments and instead draw 50% of the profits. However you can agree upon, be sure to GET IT IN WRITING, so that there are no misunderstandings later…

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