Re: Sponsoring a business
Originally Posted by
comeandgo
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I give plenty of money to charity each year.
I want the person I sponsor to be in the UK or my island home, and I want to be in personal contact with them so I can take an interest in their business without interfering in any way.
Someone has come to my attention, and they would be grateful for the dosh. I am giving them serious consideration with the help of my kids.
Well if you have someone in mind id start with a loan of a small amount,not the full 20.000,
Id check out the business idea to see if its viable, is it going to be worked from home or is there a need for premises,all this has to be taken into account,
Have they been made Bankrupt before,theres a lot of risk involve with what you want to do .The person might decide to take the money and take off.