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  • FIRST POST
    • mr stick
    • By mr stick 16th Oct 16, 2:39 AM
    • 22Posts
    • 1Thanks
    mr stick
    One loan or two?
    • #1
    • 16th Oct 16, 2:39 AM
    One loan or two? 16th Oct 16 at 2:39 AM
    I want to borrow about £50,000. I can try to get one loan from a bank, or I could get two from separate banks with much lower interest rates. This is for a business venture.

    As backup, I have over £40,000 in savings that I wont touch for the period of the loan, and I haven't touched it for years. I hope to use that as an incentive to the lenders.

    So what are the chances of me getting the two separate loans? Or should I stick to trying to get only one?
Page 1
    • Gambler101
    • By Gambler101 16th Oct 16, 9:42 AM
    • 59 Posts
    • 120 Thanks
    Gambler101
    • #2
    • 16th Oct 16, 9:42 AM
    • #2
    • 16th Oct 16, 9:42 AM
    You need to apply for a business loan with the bank, putting forward your business plan and at least 25-40% of the business cost from your own cash.
    The instructions on the box said 'Requires Windows 7 or better'. So I installed LINUX
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