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If the person needs loan sharks, he would have problem paying back. Especially at this kind of time. Still have to buy paint, harrass him. So much hassle. :o
in this time,no one will be willing to loan out.
all will be trying desperate to recover their loans even those ah longs. everyone is affected.
those runners must be pretty busy now.
And after that u can package ur loans into mini bonds and sell them to Ah Long B. To hedge against default, Ah Long B buy credit default swaps from Ah Long C. And history repeats itself, so that in a credit event, Ah Long B will look for Ah Long C for payout, failing which Ah Long B will hack Ah Long C with a parang. Ah Long C will in turn take revenge on u for landing him in trouble.
Now is best time to become freelance debt collector or repo man. Can work for legal and illegal lenders and your order books will be full for the next 2 years.
You will not get most of your money back.
Are you prepared to take on Singkieporeans who may have more to lose than you?
Perhaps you can also package the loans you give out into collateral backed securities and sell these to large financial institutions.