Legal Question in Banking Law in Iowa

Financing
I have a $30,000(thirty thousand US dollars) education fund from my grandfather. But it can be used for any reason when I turn the age of 30. I was wanting to know what the best way to go about getting a loan on the terms of paying it back when this money was available, I am currently 26 years old. What type of form(s) would be needed, and what information should be included. The loan would be used for a small business I am currently trying to start.

Asked on 7/30/05, 1:00 am

David Anderson Anderson Business Law LLC

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Re: Financing

I would need to see the trust document to advise you. I also would want to see your business plan for the venture proposed.

I could then give you an opinion assist with the implementation of the business.

David Anderson

www.ebizlaw.com

Answered on 7/30/05, 7:29 am

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