Ask HN: Can I get a ~1K loan on HN to get more investment into my R&D startup?

#1

Post by spacetimeuser5 » Wed, Jul 17, 2024, 1:25 PM UTC

Hi, HN users. I am in a dire situation to receive a large investment for my R&D startup and in order to release the investment I need to pay ~1000$ for some formalities and documents. I live in Lithuania and only have some property there to offer as a collateral. I know there may be some kind users here, maybe someone can lend me 1000$? Or offer the ways to lend this 1000$ elsewhere for LT citizens with property as a collateral?

I should return the 1K loan in a month, in case everything is ok. But given my property as a collateral, may be this can ensure that I will return the loan amount some time in the future anyways.

Thanks

Re: Ask HN: Can I get a ~1K loan on HN to get more investment into my R&D startup?

#2

Post by throwaway3306a » Wed, Jul 17, 2024, 1:37 PM UTC

Why not approach any bank? This is such small amount they wouldn't even ask for proof of income.

Re: Ask HN: Can I get a ~1K loan on HN to get more investment into my R&D startup?

#3

Post by spacetimeuser5 » Wed, Jul 17, 2024, 1:40 PM UTC

throwaway3306a wrote: post #2

Why not approach any bank? This is such small amount they wouldn't even ask for proof of income.

My bank in LT requires proof of income, and my income is lower than minimum, because I am a student of CS so far only. And i do not need 6 month or more to return it, I may return in a month.

Re: Ask HN: Can I get a ~1K loan on HN to get more investment into my R&D startup?

#4

Post by spacetimeuser5 » Wed, Jul 17, 2024, 1:44 PM UTC

I will be selling my property anyway, during the next 2 years, or so. So thus I can return the loan anyways.

Re: Ask HN: Can I get a ~1K loan on HN to get more investment into my R&D startup?

#5

Post by Two4 » Wed, Jul 17, 2024, 8:23 PM UTC

Why are you paying to receive money? That makes no sense

Re: Ask HN: Can I get a ~1K loan on HN to get more investment into my R&D startup?

#6

Post by throwaway3306a » Wed, Jul 17, 2024, 10:25 PM UTC

spacetimeuser5 wrote: post #3

throwaway3306a wrote: post #2

Why not approach any bank? This is such small amount they wouldn't even ask for proof of income.

My bank in LT requires proof of income, and my income is lower than minimum, because I am a student of CS so far only. And i do not need 6 month or more to return it, I may return in a month.

Try more banks, I'm sure you can find one.

Re: Ask HN: Can I get a ~1K loan on HN to get more investment into my R&D startup?

#7

Post by throwaway3306a » Wed, Jul 17, 2024, 10:26 PM UTC

Two4 wrote: post #5

Why are you paying to receive money? That makes no sense

He's paying to be able to receive the money legally. That's normal everywhere in the world. Incorporation of a company, necessary KYC proofs for banks etc cost money.

Re: Ask HN: Can I get a ~1K loan on HN to get more investment into my R&D startup?

#8

Post by NonEUCitizen » Wed, Jul 17, 2024, 11:38 PM UTC

spacetimeuser5 wrote: post #3

throwaway3306a wrote: post #2

Why not approach any bank? This is such small amount they wouldn't even ask for proof of income.

My bank in LT requires proof of income, and my income is lower than minimum, because I am a student of CS so far only. And i do not need 6 month or more to return it, I may return in a month.

Ask your professors or your university?

Re: Ask HN: Can I get a ~1K loan on HN to get more investment into my R&D startup?

#9

Post by gus_massa » Thu, Jul 18, 2024, 1:16 AM UTC

Who is going to give the money? Are they well known in the community? Are they from your country?

Did you contact them first or they contacted you first?

How are you going to spend the $1K? Some paperwork in the government in your country? Some paperwork in a bank of your country? Do you have to send the $1K to them? Do you have to send the $1K to an "independent" third party? Do you have to send the $1K by Western Union?

It smells like you are getting scammed. Show all the info to a trusted friend that knows about business and ask for advice. Do you have a accountant? Do you have a lawyer?

Re: Ask HN: Can I get a ~1K loan on HN to get more investment into my R&D startup?

#10

Post by spacetimeuser5 » Thu, Jul 18, 2024, 9:28 AM UTC

gus_massa wrote: post #9

Who is going to give the money? Are they well known in the community? Are they from your country? Did you contact them first or they contacted you first? How are you going to spend the $1K? Some paperwork in the government in your country? Some paperwork in a bank of your country? Do you have to send the $1K to them? Do you have to send the $1K to an "independent" third party? Do you have to send the $1K by Western U…

yea, maybe. Just checked after posted the post. How many scammers are there on HN and YC Startup School?