How much do you leverage up (take loans) in the beginning?

[Quality Crisp]

Day 27 and have 23k weekly income against 30k in bank loans, which is nothing even at 20% interest.

Is there a cap to how much you can take from loans? At a 200+ week term the payments are so low, Im thinking about getting stupid with the loans to get a mega store going. Anyone ever try this and had it backfire?

[Enivoke]

40K is max if I am not mistaken.

[Honeywell]

Once you understand the basics I don't think it's possible to have a store fail. So if that's you, go for it.

I took out large loans every time I started a something new until I had a few hundred thousand in reserve--the terms are so generous like you mention and the chance of failure is minuscule if it's even possible. Might not be a great idea later when the game is feature complete (theft and AI competitors on the roadmap could introduce some uncertainty?) but right now there's no downside that I found.

[Magistar]

Originally posted by Enivoke:

40K is max if I am not mistaken.

There is a second bank where you can get much more (200K afaik).

[Vimpster]

Originally posted by Magistar:

Originally posted by Enivoke:

40K is max if I am not mistaken.

There is a second bank where you can get much more (200K afaik).

The other bank was allowing me to take out as much as $800,000.

[=M$= Oroberus]

Thing with early loans is, they hold you back more then they enable you.

To get a stable 500 to 1000 income per day, depending on the store you run, you are absolutely fine with roughly 5k of money at hand but if those 5k are from a loan, you'll be losing somewhere between 5% and 10% of your daily income due to the interest you pay on the loan.
Sure, it's not THAT much per day but 30 per day are 300 a week, which, depending on your business and settings, might very well be 1 day a week you are not making a profit at all but only work for paying back the loan.

[Cotaks]

15k loan at 10% = 150 a day.

with the 15k you open a medium store a 40-50 traffic / 30 capacity, This will make atleast 5k a day. That means 3 days to pay of the loan. Also means 450 bucks spend to open a store.

Win win.

So take a loan whenever you need one.

[Eye Aye]

I play on max difficulty with a zero cash start so yeah I borrow as much as I possibly can. Then I alter the repayments to only cover the interest.

[Enivoke]

Originally posted by Magistar:

Originally posted by Enivoke:

40K is max if I am not mistaken.

There is a second bank where you can get much more (200K afaik).

The more you know

[Eye Aye]

you can take out a loan of $800,000 but by the time you qualify your probably earning enough daily to not need it.

[Steppenrazor]

on standard mode for my 2nd game - did the 1st 15k the story / tutorial - got the gift shop up and running after 2-3 days w/ cheap & expensive gifts and Flowers, sodas. Hired staff to work it.

then took out another 25k loan.. to open a new larger gift shop in midtown (40ish traffic/45cap) got it set up. once it was making money paid off the 1st loan.. then added Wine and cigars to both shops.. paid off the 2nd loan..

i did end up taking another 40k loan after expanding into 2 gift shops, 1 fast food, 1 liquor store & 1 jewelry store. - but that was just because i was like 30ish k from being able to redo my 3day schedule order from the "jet" importers? (the ones you can order expensive jewelry from. )

So i could reset the delivery days. - i find it easier to manage when everything is being delivered to the warehouse on the same day.

but i paid that loan off the next day. :)