udoka2013:
My father told me that;' It is not always advisable to use the cash gotten from the disposing of a landed property for business purpose.'

Youngstar76:
I have a problem that I urgently need to solve. My life is turning into a big down fall lately. I will try to be as precise and concise I can possibly be.

I'm a music producer, record label executive and talent/career coach. I started in 2015 with just my laptop in my old friends studio. But this year I decided to open my own music studio. I sold a plot of land my dad handed over to me to raise some money to buy my own studio equipments, and I also took a loan to add up.

I was able to buy the equipments and setup the studio and patronage was quite high, I didn't expect. Even radio stations were bringing audio editing jobs for me. I was saving up so I can pay the loan.

But suddenly, things gone sour. 3 months ago my studio got buglered. Thieves broke in and stole my equipments, (the desktop PC and the Macbook I use, my soundcard, power generator, microphones, Rokit 5" studio monitors, pianos, etc. Even removed... Etc).
I have been very depressed and saddened. I feel like taking my life but I don't want to be a coward by running from my debt.

Pls my fellow naira land bros n sis, I need help.
If I can get a loan of 500k to clear my debt and buy back my studio equipments to start a fresh, I'll really appreciate it. I will pay back in 6 months or less.

I have a plot of land in Yenagoa I want to sell to raise the funds I need but haven't found a serious buyer yet. I can use it as collateral if necessary. I got my WAEC n NECO result originals. I will pay back. Plz someone help me.

MY PLAN:
Get 500k loan
Clear some debt, buy back the music studio equipments and start working again so I can save up and pay this 500k loan with interest, OR get a buyer for my land


Without my equipments and my laptop, I'm nothing. No source of income. And I also have to return some payments to people who paid me to do jobs for them but weren't able to come pick it up before the burglary happened. I need help to get life together so I can start working again.

Cc: Lalasticlala seun mynd44

SavageResponse:


No right thinking person will loan money to a non-functional business that is experiencing a disruption and with no guaranteed source of income for the purpose of repaying a debt!

Sell the land

Use part of the proceeds to clear the most critical debts

Use the balance to restart your business

When the business starts doing well you can buy another land