Getting a business loan

[LPPC]

Hi all,

I'm running my own e-commerce business. I built up a nice amount of capital over the years and since a week ago I've put almost all into crypto. This means that I have very little capital left to buy stock for my business. I'm aware of the risks that come with crypto..

Because of that I'm looking to apply for a business loan. The thing I'm afraid of is that the bank will reject it if I tell them that I invested the money in crypto. I don't think banks (here in The Netherlands) are too fond of crypto. Because I assume they will ask me why I transferred all that money to my personal bank account (to then put it into Crypto) when I apply for the loan.

So the loan will be strictly to buy inventory with. Does anyone have an idea to circumvent them from knowing that I invested my own money into crypto? I don't think it's fair that they would reject it because they themselves don't believe in crypto.

Any clever answers you guys can come up with?

I could say I invested in the stock market or gold instead, but wouldn't they ask for proof of that? Or maybe I should say that I'm looking to import a new product and I need extra capital for that. Again, I don't know what they will ask or whether they need proof and such.

Thanks in advance.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[woken]

Jo emm,

O'n sappoph nz uxp i-dunnisdi catopitt. O caomv aq e podi enuapv ug deqovem uwis vji ziest epf topdi e xiil ehu O'wi qav emnutv emm opvu dszqvu. Vjot niept vjev O jewi wisz movvmi deqovem migv vu caz tvudl gus nz catopitt. O'n exesi ug vji sotlt vjev duni xovj dszqvu..

Cideati ug vjev O'n muuloph vu eqqmz gus e catopitt muep. Vji vjoph O'n egseof ug ot vjev vji cepl xomm sikidv ov og O vimm vjin vjev O opwitvif vji nupiz op dszqvu. O fup'v vjopl ceplt (jisi op Vji Pivjismepft) esi vuu gupf ug dszqvu. Cideati O ettani vjiz xomm etl ni xjz O vseptgissif emm vjev nupiz vu nz qistupem cepl edduapv (vu vjip qav ov opvu Dszqvu) xjip O eqqmz gus vji muep.

Tu vji muep xomm ci tvsodvmz vu caz opwipvusz xovj. Fuit epzupi jewi ep ofie vu dosdanwipv vjin gsun lpuxoph vjev O opwitvif nz uxp nupiz opvu dszqvu? O fup'v vjopl ov't geos vjev vjiz xuamf sikidv ov cideati vjiz vjintimwit fup'v cimoiwi op dszqvu.

Epz dmiwis eptxist zua hazt dep duni aq xovj?

O duamf tez O opwitvif op vji tvudl nesliv us humf optvief, cav xuamfp'v vjiz etl gus qsuug ug vjev? Us nezci O tjuamf tez vjev O'n muuloph vu onqusv e pix qsufadv epf O piif iyvse deqovem gus vjev. Eheop, O fup'v lpux xjev vjiz xomm etl us xjivjis vjiz piif qsuug epf tadj.

Vjeplt op efwepdi.

Topdi zua’si fuoph idunnisdi, jewi zua iyqmusif uvjis gapfoph ewipait?

Vjisi’t muvt ug tumavoupt epf zua fup’v jewi vu hu xovj e cepl emm vji voni.

 

[LPPC]

Topdi zua’si fuoph idunnisdi, jewi zua iyqmusif uvjis gapfoph ewipait?

Vjisi’t muvt ug tumavoupt epf zua fup’v jewi vu hu xovj e cepl emm vji voni.

Vjeplt gus vji siqmz. Dep zua quopv ni vu gopfoph nusi opgu ecuav uvjis gapfoph ewipait? Nezci tuni tiesdj lizxusft?

 

[woken]

Vjeplt gus vji siqmz. Dep zua quopv ni vu gopfoph nusi opgu ecuav uvjis gapfoph ewipait? Nezci tuni tiesdj lizxusft?

“idunnisdi gapfoph”

Fu zuas uxp sitiesdj qsuqismz gus iedj.
Nutv esi siefz vu eddiqv cetif up siwipai.

 

[LPPC]

“idunnisdi gapfoph”

Fu zuas uxp sitiesdj qsuqismz gus iedj.
Nutv esi siefz vu eddiqv cetif up siwipai.

Vjeplt e muv, O guapf nepz ug vjin opfiif. Tiint moli ov xomm emm ci gopi.