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Bank loan

Posted: Sun Jul 22, 2018 3:28 pm
by Rune
If I wanted to buy a resort or whatever, is there a Cambodian bank which would loan me 100-200k?

Re: Bank loan

Posted: Sun Jul 22, 2018 3:43 pm
by YaTingPom
Maybe offer us some more details.
Colateral, business plan, any Khmer partners, previous experience, do you own any land or property, are you from Nigeria etc etc.

How much is this resort does it operate at a profit?

Re: Bank loan

Posted: Sun Jul 22, 2018 3:51 pm
by Rune
YaTingPom wrote:Maybe offer us some more details.
Colateral, business plan, any Khmer partners, previous experience, do you own any land or property, are you from Nigeria etc etc.

How much is this resort does it operate at a profit?
Collateral would be the business. Have a little land which could also be used as extra collateral. I could perhaps drum up 10-20k in downpayment. I'd go into business with a Khmer partner. Unfortunately, I'm not a Nigerian prince. I have a fairly steady income (3-4k / month) on the side, which have been going into my Cambodian bank the last 2-3 years.

I was just wondering if such a thing is even possible in Cambodia.

Re: Bank loan

Posted: Sun Jul 22, 2018 4:14 pm
by epidemiks
Rune wrote:
YaTingPom wrote:Maybe offer us some more details.
Colateral, business plan, any Khmer partners, previous experience, do you own any land or property, are you from Nigeria etc etc.

How much is this resort does it operate at a profit?
Collateral would be the business. Have a little land which could also be used as extra collateral. I could perhaps drum up 10-20k in downpayment. I'd go into business with a Khmer partner. Unfortunately, I'm not a Nigerian prince. I have a fairly steady income (3-4k / month) on the side, which have been going into my Cambodian bank the last 2-3 years.

I was just wondering if such a thing is even possible in Cambodia.
Your or the Khmer business partners name on the title?

Banks won't be interested if it's someone else's.

Re: Bank loan

Posted: Sun Jul 22, 2018 6:11 pm
by PSD_Kiwi
Rune wrote:
YaTingPom wrote:Maybe offer us some more details.
Colateral, business plan, any Khmer partners, previous experience, do you own any land or property, are you from Nigeria etc etc.

How much is this resort does it operate at a profit?
Collateral would be the business. Have a little land which could also be used as extra collateral. I could perhaps drum up 10-20k in downpayment. I'd go into business with a Khmer partner. Unfortunately, I'm not a Nigerian prince. I have a fairly steady income (3-4k / month) on the side, which have been going into my Cambodian bank the last 2-3 years.

I was just wondering if such a thing is even possible in Cambodia.
Not a chance!