robblok Posted February 8, 2010 Share Posted February 8, 2010 Im an accountant and i have many small business owners as clients and almost none of them make much money the first year. I must say almost none of them loan a lot of money to start, some do but most don't. Link to comment Share on other sites More sharing options...
CTO Posted February 8, 2010 Share Posted February 8, 2010 very difficult, first af all do you have a work permit.If not the only to get a loan would be true your employer in Thailand. Good luck. I have two credit cards - 200K baht with Authiya and 150K baht with City Bank - expensive way to gofor loans but possible as a working bloke here Link to comment Share on other sites More sharing options...
ukrules Posted February 8, 2010 Share Posted February 8, 2010 Incorrect, unsecured loans are normal in the UK. Only a few years ago I walked into my bank and borrowed £25,000 which is about 1.3M Baht. Completely unsecured, the money was credited the same day. This is the exact reason the word ecomomy ended up in the position it found itself not so long ago... No, it's not, you are quite incorrect here. Link to comment Share on other sites More sharing options...
needforspeed Posted February 8, 2010 Share Posted February 8, 2010 very difficult, first af all do you have a work permit.If not the only to get a loan would be true your employer in Thailand. Good luck. I have two credit cards - 200K baht with Authiya and 150K baht with City Bank - expensive way to gofor loans but possible as a working bloke here First of all he needs 1 Million not 350 K. Second you have a record with your credit card company's , he has dept already and with no bankrecord the creditcard company are not going to give him 350K. And the biggest problem how he is going to pay back within 90 days if he isn't doing a runner. Link to comment Share on other sites More sharing options...
astral Posted February 8, 2010 Share Posted February 8, 2010 Just go back to the West. The banks positively throw money at you. Even when you don't ask for it. Is that still true after the recent financial melt down???????????? If so it is crazy. Link to comment Share on other sites More sharing options...
needforspeed Posted February 8, 2010 Share Posted February 8, 2010 OP, yesterday you whent to the finance company who willing to borrow agains 25-28 % any luck there? Link to comment Share on other sites More sharing options...
MrHammer Posted February 8, 2010 Share Posted February 8, 2010 Try China, they seem to be a sucker for loans with no collateral. Link to comment Share on other sites More sharing options...
Heng Posted February 9, 2010 Share Posted February 9, 2010 As long as the 'collateral' is a few hundred million folks who are programmed to go into debt buying their junk and will likely have children who will continue to do the same, it's workable for 'now.' Link to comment Share on other sites More sharing options...
tonywebster Posted February 9, 2010 Share Posted February 9, 2010 strange that this thread started and a couple of days later there were two threads about farangs involved in robberies It is possible to get loans, I have just bought a car with a loan through Thanachart (albeit it with a Thai Guarantor), I also have two Thai credit cards totalling 255,000 Baht. Link to comment Share on other sites More sharing options...
simon43 Posted February 9, 2010 Share Posted February 9, 2010 Since the OP requires this money to both clear existing debts and to start a new business, it might help to understand what sort of debts these are and for how much. There may be an alternative way to clear the debts that doesn't require borrowing of this level of money. Are these debts from Thai companies or from overseas? Many overseas debts, especially personal debts on credit-cards can be structured so that you are only required to pay off a small % of that debt, and are given a reasonable/managable time to do that in. Simon Link to comment Share on other sites More sharing options...
TheJoker12 Posted February 9, 2010 Share Posted February 9, 2010 lol @ saying the USA has no collateral. Link to comment Share on other sites More sharing options...
Loz Posted February 9, 2010 Share Posted February 9, 2010 Joker, If you can rationalize the Gross debt of the USA to the Fed against the GDP of the USA you better go explain it to Ben Bernanky. Link to comment Share on other sites More sharing options...
babuhavas Posted February 9, 2010 Author Share Posted February 9, 2010 OP, yesterday you whent to the finance company who willing to borrow agains 25-28 % any luck there? not yet,i got busy with some thing else.but will surly go there in couple of days. Link to comment Share on other sites More sharing options...
needforspeed Posted February 9, 2010 Share Posted February 9, 2010 OP, yesterday you whent to the finance company who willing to borrow agains 25-28 % any luck there? not yet,i got busy with some thing else.but will surly go there in couple of days. Any luck with other options to get some money? Link to comment Share on other sites More sharing options...
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