Very urgent help needed.

BillStirling

Urgent help needed! I know this is very late in the day, it’s embarrassing, and makes me look financially disorganised, but here goes. I’m a one-man business photographer with a large studio in East London, and have been working in this field for 30 years. Due to poor business I’ve let my rent go unpaid for too long and the landlords want me out by Wednesday 30th November unless I find about £5000 to £8000. I’ve spent the last three weeks organising loans but didn’t leave enough time to complete the paperwork etc, associated with them and now I find that they most probably won’t be ready by the 30th. Its all taken longer than I thought, and I’ve left everything to the last minute. I’m a hard worker and put in 100 hours every week working nights on a second job, but I’ve messed up here. The studio could earn more money than its bringing in at present. I just need to promote it more. The turnover has been improving over the last three months.

Where can I get bridging finance for maybe ten or 14 days while the loans are finalised? My bank is not interested. Are there any individuals out there who would be prepared to look at this very urgent problem that I’ve created? I can offer equipment as security and would be willing to produce photographic work free to the value of any charge that would be made for this service, if that kind of work would be required. Or I could just pay a fee.

Without some help, I’ll lose the studio, and a place to sleep as I live there at the moment.

Bill Stirling.

Email: stirlingatstills@aol.com
Tel. 020 7423 9600
Mob. 07941 324518

mountainofdebt

What stage in the kicking out process are you?

Is it a case of they threatening to start the process or will they kick you out on the 30th?

If its the former then perhaps a letter saying that they will have their money by a set date would placate them...not sure what to advise if its the later though.....what about your business - could it not make an interim payment?

Could you not set up a standing order to pay the rent in future - assuming that of course the landlords are patient?

BillStirling

Thanks for replying,
The landlords want me out on the 1st Dec. I've made interim payments, but not enough. The lease runs out at Christmas and unless the arrears are paid, they won't renew the lease. A standing order wouldn't be applicable as they want all the money by 30th Nov. If the loans come through, then ok. But I fear it will take another week or so to complete the paperwork and payout process.

Thanks anyway.