Im confused how 18 y/o kids can get 80k in student loans for an art degree, but my 23 y/o friend who has been running a profitable family lodge can’t get a business loan to buy his own Como se dice “return on investment” in bank language bc I think someone is doing it wrong
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Without the government guarantee, the combination of high failure rates of nascent businesses, moderate rates of fraud, low interest rates, and high underwriting costs makes this a line of business that most banks are not enthusiastic about, though you might convince a cred union
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Thanks Patrick, this is great! I’ll pass this on to my friend just in case
I love how much I learn on Twitter. Appreciate it!
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Honestly, Patrick, I suspect reading your Twitter is more useful than going to business school. Not so much for details, though they're great - more like worldview education, so the method of the virtual guru can be applied:https://twitter.com/michael_nielsen/status/1055911892789616641 …
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Thanks! That made my evening.
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Lol, so even the plebs can get these types of handouts; interesting. I wonder what sort of handouts private equity gets to buy companies on leverage and rape them to the financier’s benefit...
Thanks. Twitter will use this to make your timeline better. UndoUndo
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