HI,

I would like to seek your opinions for my dilemma


My wife would like to have this loaning business in her office. the only one allowed to this loan is all the regular employees only and the maximum amount to be loan is the monthly salary of the employee , once employee avail of the loan the employee must turn the ATM card as form of collater (3months up to 5months maximum of monthly payment)

now, my wife will seek approval of the bank for the 100k so she can start the ball rolling in the business.


But then I discuss to her that it will be best if we loan first 50k to the bank as start up then if the 50k is fully paid again that is the time we can raise the loan from the bank to continue the ball rolling in the business.. and at same time my wife can understand more the cycle of the business before pushing it thru

but then again she said that , how can we serve other employees if we only have around 50k as start up.

my point is.. it is better to start in small rather than big then lose big too . fast money is high risk