Legalize business loans that cannot be discharged through bankruptcy.
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The fact that an 18 year old
Can't take out a $10,000 business loan
But Can take out a $100,000 Student loan
Tells you everything you need to know
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Yup. You have to go to friends & family for this kind of loan because it's just not worth the risk/diligence for banks to make uncollateralized business loans. You can't discharge F&F loans either so at least it'd make banks an option if your F&F don't have cash to risk/invest.