if the shit hits the fan on your business, you will have a ton of investor debt. what will you do in such a situation?
It's a moot point now. I got financing. I don't have any debt right now, until this loan closes in 12 days. I own my house and my cars, and I have an income producing multiplex. So when you say "you will have a ton of investor debt". I won't have anything unsecured at this point, and I am not borrowing "a ton". In fact my property is valued at 5x what I am borrowing and I wouldn't even be borrowing as much as I am, except they won't do micro loans less than $100k usually. They made a special exception for me. They would have loaned me all 100K, but I was only asking for $30k. They wouldn't let me go as low as $30k, so I had to borrow a bit more. Quite a bit more actually.
Overall, a loan at BTCJam would have been better than having to take out this huge loan. But dems the breaks. Either way, we are putting a shitload of the loan back to the principle, so we have less interest over all. We only needed $30k, so that's what we will walk away with. It may look good on our credit too, Im not sure.