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How to Start a Money Lending Business Legally | Profit $1459 a Month

TommyBryson 111 views

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I began doing this without any lawyer, accountant, etc im 20 yrs old I have always done secured loans with collateral in hand, but most people don’t want to give me the collateral for the loan to be secured What’s a way around this without paying a lawyer lol
Comment from : @JorgeRivera-ls7wc

I have 15k to start
Comment from : @Fhatboi

I need a mentor for my business model
Comment from : @dooneyincorporated6064

Oh, Tommy's Mom?? Yeah, she can get it! Clap clap! 🎉🎉 lol
Comment from : @THE_ANTI-RAPPER

$ 200 and want some advice
Comment from : @TaniWalo

great so you pay 4000, to make $1495 LOL great plan
Comment from : @studymusik1

2k and 50k
Comment from : @cing_king6148

You need 10 grand for a bond and 25k in assets for licensing in my state
Comment from : @coreytodd1709

Very nice video Clear and concise Thanks 🙏🏾
Comment from : @jdao858

Why does someone that does not do this business day in and day out give advice on this business 🙄brbrI really don’t like that!
Comment from : @abovethefrey3681

1246$ & I think it cost 10K
Comment from : @Ahbandyam

so, if i have $200,000 and i lend it out at 15 that's $30,000 a year or $2,500 a month if lawyer, account and compliance officer cost roughly $3,000 and i make $2,500 per month how much profit is that? i've got over $200,000 and am interested, but seriously am concerned by costs vs profit
Comment from : @mekrobar7872

I would love to talk to you I’m in the lending business but I’m lost in having a proper set up
Comment from : @gilounelson9462

I’m sick of having things repeated Just answer the questions Not gonna listen to the whole vidoe
Comment from : @AuraGolden7

hello my name is freddy, I'm running a money lending business and I wanted to ask you a few questions about it
Comment from : @freddyabreu2695

1,700$
Comment from : @keepingitrealwiththepooler9577

As a 30 year old who just lost his job but wanted to leave corporate and work for himself/has prior - and has 350k liquid - this is huge to me on several points Make a follow up!
Comment from : @pongoseatery2309

I’m Jewish so this seems obligatory to do
Comment from : @encription

Excellent
Comment from : @msmintjuleps

Gotta be a way you can leverage other people's money instead of having to start that low Banks and other big investing platforms don't use their own money most of the time
Comment from : @blackmagick77

i want to start up a check cashing business out of my house but only to friends and family that dont have accounts is this the same process?
Comment from : @Hopejones60

Bro I need a business plan
Comment from : @michaeldovo661

Geez, he talks so much! Get to the point bro lol
Comment from : @matthewmockabee2410

Do you have an online system you use to keep track of the loans?
Comment from : @briankayongo

My guess is 2gs to 4gs to start it up I have 18k in savings and need to invest my money I’ve worked so hard to get
Comment from : @xraypluto5262

50 for the business paperwork and another 200 for other costs maybe more insurance stuff cpsts
Comment from : @lordtsani7239

I specialize in delivering fast and efficient loans for business startup and expansions brApply now
Comment from : @lucasgrant2871

Can I ask a question? I already have a cash advance business with my dad but I'm just looking for external advice I just started
Comment from : @saltydominion9069

This dude is a influencer He doesn't really loan money?!
Comment from : @terrencebanks9468

If I can't shoot people in the thigh, what fun is it?
Comment from : @nikopriest6762

Bro I wish I would’ve known about this earlier and the idea never came to mind until I asked myself how could I start a bank Smartest business idea period Having your money work for you and the interest your making on your money is insane Light weight feel like Im roobing the hood but shit the hood could do this too lol
Comment from : @tlacaeleltzinhernandez7381

You're right!! "mouth to mouth organic", for every customer would be a lot of work
Comment from : @Name-io6dk

Im gonna spend more money in the lawyer’s, Officer’s, accountant’s paycheck than profits from the people who borrowed my money brFuck no! Im out
Comment from : @The_Mysterious_Saiyan

I just subbed to your channel and I wish I would’ve found it waayyy sooner I am 26 and becoming a money lender came to me randomly as a thought and decided to do some research I feel like it’s a feasible sustainable way to really make a profit and start a potentially big business!! As being a small money lender or even big money lender for small businesses or ppl who just really need the money we really have the upper edge in comparison to big banks because we’ll get the money fasterrr andddd and a muchhh higher change of acceptance!! Ima keep watching and learning Tommy but looking forward to this possibly life changing opportunity 🙏🏼 Quick lil disclosure I’m 26 years old I graduated with my bachelors for a Degree that I loss all passion for and I’ve been feeling that I don’t have a purpose and early been wanting to find my meaning in life I hope I can look back at this video and comment and really be proud of how far I’ve came!! 🙏🏼🤞🏽❤️ GodBless
Comment from : @johansengonzalez6524

U make this sound really easy but were all not As smart as U ur smarts is All in ur voice obviously enough u went to college u read alot of books whatever i live in my moms basement i dont have 500 dollars to spear i have kids smh brBro all respect for U and the people U actually do really help but bro smh U to smart for ur own da** GOOD SMH
Comment from : @slowas-hell7933

More business
Comment from : @sadaqstudio830

If you knew the laws & how to do your taxes would you need an accountant or a compliance officer? Im guessing it’s just safer to have them In the long run but just in just curious
Comment from : @elijahsparadox

Well I'm in Jamaica an I have 170,000 an want to start a small money loan business
Comment from : @rogerallen7262

New Subscriber here Planning to do this business in the future This video is so informative I look for the interest rate here in California it’s stated 10 only
Comment from : @bessyjandapkgalaga

Ok lawyers and accountants will take your loand 1000 dollars waste of time unless u already have money thank u but no
Comment from : @solitario7713

You can go to investors to raise capital & lend it
Comment from : @SnapBackCollector211

*"LAUNDERING"bryour welcome
Comment from : @rock0tysong00n3

You are welcome to Fortune Loan Company We Our loan offer ranges from $5,00000 USD to $500,000,00000 USD, with an understandable loan terms and conditions and at a very low interest rate as low as 2 brSo kindly contact the company’s manager at phillipalbert850@gmailcom
Comment from : @godwinjames8778

im 13 and I have a job but also going to start loaning
Comment from : @unknown2303

what's usually collateral for a $1,000-$10,000 loan?
Comment from : @shanegarcia5963

6:12 illuminati confirmed
Comment from : @togethereasy

Spent the entire video repeating 3 sentences
Comment from : @RocketApplianceMT

Which app can I use locally to manage my lending business ???
Comment from : @michaelebriku1448

5000
Comment from : @jameswhite3232

I don’t know if Tommy really does pay the lawn business on the side however I do admire him that he did it so much extensive research and open to share with us! Sound up Tommy good to go you’re a great kid!
Comment from : @megaera2988

i call up few friends at november 2019 to start a cooperative business that will be involved in lending and other fantastic stuff after raising the first fund for consultation and registration of the cooperative corona virus issue came at feb 2020 and thing became changes i saw big opportunity as roi is hire here raging from 20 to 40 per month some like OKASH OVER 30 IN TWO WEEKS this is mad and there are so many others that give same high interest but for me i intend to make my less expensive i need someone who can believe and trust me to run it together
Comment from : @teddysfamily1

“You only need a thousand dollars to start this business” fine print: plus 3000 a month for vendors
Comment from : @johnfrank4351

What do I put in Google to search for the license in my state
Comment from : @daquavionrandall7025

Bro you talk too fast slow down
Comment from : @dwighthovington8119

Amazing content, first guide to forex trading, or any financial trade institution, is your ability to analyze information and predict sure signals, I trade on Crypto currency with bFeliciafx_trades/b on instgram so far it has been wonderful and really profitable
Comment from : @gwazapriscilla5015

Hey, this is helpful but I wanted to know more about the New York license required Can you tell me something about it
Comment from : @nikitasingh6504

I got laughed at when I started trading I was burnt out, needed a change, also wasn't expecting to be laughed out of the office when I mentioned my interest in investing in the stock market Well, a few years later and $53 million in savings, I'm the one laughing now Friends now want to know exactly what my i do to earn well I advise everyone to start trading in the stock market today for a better tomorrow that’s all I can say,thanks to Mr carlos @carlos_1uptrades on instagram I’m making a living trading forex
Comment from : @yahdirssanchez9953

I do this too, on my own Well, with my crew Never understood getting legit businesses partners Take away a lot of profit
Comment from : @chancerose8129

I’m a fan 🥰
Comment from : @jumilynvillejo5594

Thanks Tommy, very practical ✊🏽
Comment from : @GoldCODMyt

Good information! This is a type of business a lot of people don’t think about🤔 brbrThank You!
Comment from : @momplusfour5108

Ppl will not pay the money back
Comment from : @wjohnson6938

$10 G’s
Comment from : @devontoney-dale2169

Help me
Comment from : @rizalinapangilinan933

Tommy’s mom have $10,000 in the bank and she’s looking for $1000 loan !😜
Comment from : @devhero4207

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Comment from : @JerryMSeth

There is a lot of profit in lending business, at least from my side in the world At least 50 ROI since interest rate is 5 to 6 per month Looking for investors
Comment from : @beks_corp9355

How do I ensure the loans
Comment from : @sheeksheek779

Why is an accountant paying $1000 for an account?
Comment from : @samesame4496

Charge loads of Intrest 3'000/15'000 depending on risk and how rich the person IsbrbrIf they super rich be greedy they can afford it ectbrbrAlso avoid poeple likebrbrDruggies brAlcoholics brPoeple with bad reputations of ripping poeple off brPoeple who are unemployed brPoeple with low or bad credit scoresbrbrDo credit checks on poeple! If they are on the good and or excellent side of the scale lend them ItbrbrSomething like out of 700 credits for the UK the average is like 420 anything above that is goodbrbrAbove 600 credits up to 700 credit points is considered very goodbrbrbrWith druggies and alcoholics they'll either end up not being able to pay up and or they'll end up in jail again not giving you anythingbrbrDruggies and Alcoholics and Unemployed poeple are the worst to lend to money too
Comment from : @andrewdodds3007

Great video! eCrowdFundr is the best platform for creating a lending website easily and quickly
Comment from : @danielperrin3116

Hello guys, anyone who are registered lenders here? I’m looking forward who could finance my business here in the philippines My business is Medical Supplies Got all the legal documents and permits I have one accountant I hope someone here would be my business partners I guarantee 200 of profit
Comment from : @ninoozitro7025

I have 6000 and think it takes 1000 and brUp
Comment from : @Sha_lit

Thank you
Comment from : @ConsciouslivinByChidera

Anyone know the interest rate in California? And what license do I get to set up the legal entity to start lending in California?
Comment from : @CP3clippernation

Do you need a lending license to start this type of business
Comment from : @Dylan-cy8mj

I need to talk to you about starting a lending business I've already started, but needed someone with experience like you Can you please inbox me on email henrylang055@gmailcom I need a mentor with experience Thanks
Comment from : @henrylang7748

payday loans over the internet in NYC are illegal
Comment from : @AngelZLopez

What type of lawyer do I need to contact for lending purposes? Thanks
Comment from : @pacman2460

I started with $5000 as leverage and used the banks money to lend out My money is still growing untouched with compound interest Great info bro!
Comment from : @kezonmcneill