Me and a friend of mine got an idea to start a full service carwash.
We both work fulltime and would need to hire other people to run the place.
We have no experience running any kind of company like a carwash.
We both have good credit, and we have enough down payment to put up 20%.
Its obvious I have not done any heavy research yet. Otherwise I would not start a thread in a sports forum about a carwash.
We are at the beginning stages of thinking this out.
None of our friends have ever got into a business like this.
I was just wondering if anyone on this site has.
We want to go 50/50
Does this mean we get 2 separate loans to start this business, or do we have one loan that we both pay?
Im really a dummy about this right now.
Like I said im in the beginning stages of this process.
Im not even far enough along to ask good questions yet.
But we are both very serious about this.
Already have the land picked out.
Would a bank laugh us out the door because we have no experience in this business?
Any thoughts.
We both work fulltime and would need to hire other people to run the place.
We have no experience running any kind of company like a carwash.
We both have good credit, and we have enough down payment to put up 20%.
Its obvious I have not done any heavy research yet. Otherwise I would not start a thread in a sports forum about a carwash.
We are at the beginning stages of thinking this out.
None of our friends have ever got into a business like this.
I was just wondering if anyone on this site has.
We want to go 50/50
Does this mean we get 2 separate loans to start this business, or do we have one loan that we both pay?
Im really a dummy about this right now.
Like I said im in the beginning stages of this process.
Im not even far enough along to ask good questions yet.
But we are both very serious about this.
Already have the land picked out.
Would a bank laugh us out the door because we have no experience in this business?
Any thoughts.