Hi guys, im new to the site and basically logged on just to ask this question. I was thinking of starting up a Payday loan business. Maybe im being naive but i was hoping to do so with a budget of £20k. This is money I have in the bank from an inheritance and I want to try and make it work. I could also start it as a partnership with my brother who would be able to add an extra £20k but I would prefer to do this on my own. Being broken down basically I was thinking... Up to £10k on setting up. This would include money set aside for lease payments on an office untill i got up and running, money required to set up office, the costs of any licences, legal fees etc Then the remainder as the money i would loan out. Being optimistic if i had the full amount loaned out I would be looking at earning £2500 per month. (ive been researching and on average these companies charge £25 per £100 and the maximum loan time is 1 month, untill their next pay date.) I would imagine I would be able to run it on my own so i wouldnt have any more wages to pay. I am sure there are a few laughing at my optimism but in my head it appears possible. Please feel free to coment, good or bad. I look forward to the replies.