How do I start a cash loan business? - Business and Finance Forum

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11-02-2009, 01:21 PM

Lester

Junior Member

Join Date: Nov 2009

Posts: 3

How do I start a cash loan business?

I have maybe 40K. Its not much to start a small business but I figure if i can loan out 1K at a time and charge an interest fee of $20 each, I can probably build it up quick. The problem is , I need to keep my borrowers in check if they won't pay it back. How can I reenforce my payback policy?

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