by bntkids-studios » Thu Feb 17, 2022 10:10 pm
So, kickstarter is probably not an option for me anymore. I'm thinking of going into a bank loan to pay for my comic I'm creating.
I "THINK" I understand the hazards and risks, if you cannot pay the loan, we'll take all your assets, stuff, yada yada yada.
But if I CANNOT pay the loan, and I don't have anything of value to take "My position as of right now", what would happen? Would they put me in jail or prison for "maximum fraud?".
Let's say the loan process starts for 25 grand to start the comic project. Yes, 25 grand, because I'm creating a franchise, I'm desperate.
If I indeed fail to pay back the loan, and I have no assets, what exactly happens?
Also, any advice beforehand I take the loan?
EDIT: Yeah, I know this should be posted on reddit, but lately, reddit and it's moderators are being jerks and not letting me post or hiding my post due to spam filter.