Do you think me, a Mayor with $15 donations, 3 towns currently owned by me could manage to get an 800k loan with payback of around two months? I AM NOT REQUESTING A LOAN.. JUST WANT YOUR OPINION
It's not a loan that I would personally give but when evaluating potential borrows I ask the following questions: - What would the loan be used for? - How will you be making money? - What % interest are you looking for? - How much on average do you make per day? - What can you offer as collateral?
Given the fact that you just said you could only play for 2 days a week...Unless you magically make at least a guaranteed 50k/day on those days, I doubt it. Most 800k loans have paybacks of 100-200/week.
I made a personal rule that I only take a loan less than the money I currently have. So I recommend to follow that rule.
