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Had an offer for someone to invest $30,000 for a return of 5% (alien.top)

submitted 9 months ago by Nivsy_21@alien.top to c/entrepreneur@indiehackers.space

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Someone wanted to invest 30k into my landscape company for 5% return, now I’m not the smartest guy out there and someone is free to correct me if I’m wrong but shouldn’t that 5% be until the loan is paid off and not until I give the company up

Again I’m very new to this so I could be looking at this horribly wrong

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[–] nickr2414@alien.top 1 points 9 months ago (1 children)

If you have good credit you can open up 0% introductory credit cards to get capital. 5% is a good rate, 0% is better. If they want 5% interest forever I would say no deal, and if they want 5% of your business I would tell them to fly a kite off a high cliff.

[–] Nivsy_21@alien.top 1 points 9 months ago

That’s exactly what I was thinking haha