Hello everyone,
I have a business plan which is about opening a barbing saloon and a game shop,the cost of starting it n running efficiently is 400k.

I know by now u will be wondering how to get your money with capital,this is the plan,once the money has been disbursed to my account you will give me a moratorium of 2 months to set up n familiarise myself with the new environment.

After the moratorium,u will start getting paid 10k per week for 14months this implies that u will b paid 40k per month that's 10% of your start up capital.

At the end of the first 10 months, u would have made your startup capital and the remaining 4 months will be for interest and thats 40k for 4 months.Meaning u would have made your startup capital with interest of 160k.

I am ready to drop my nysc discharge certificate as collateral and we can also get a lawyer to put everything in black and white,my number at signature.

Do you intend to add up to the money with your own personal funds or how sure are you that 400,000 can setup both gaming center and Barbing saloon.

From my experience as an ex-banker,it's too much of a risk to start a business with loan and by the way,what's ur experience in that business/line because u can't just wake up and start investing in what u don't know much about.

ADVICE:
If u must take a risk,pls do it with ur own cash/money and not loan,this is because u may not be too sure of the outcome especially now that the economy has nosedived badly.
And if u must get a loan for this,do also ensure that u go for loans whose interests are not burdensome to repay and the spread should be such that it can be flexible to both parties.
GOOD LUCK TO U.