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best buisness loan

kymmy_2
kymmy_2 Posts: 11 Forumite
i need advice on the best buisness loan out there, probably need to borrow 30,000 to start up small grocers shop,but want to know lowest ratesmay need overdraft cheers kymmy:j:money:

Comments

  • Rafter
    Rafter Posts: 3,851
    Part of the Furniture 1,000 Posts Combo Breaker
    Forumite
    kymmy,

    Unless you have experience running a shop and have a substantial amount to put in yourself (or can offer your home as security) no bank is just going to lend you £30,000 like that.

    If you have a business plan you might be able to get support from your local business link about where to get funding and a bank will lend to you as long as it has some certainty that you can repay the money (by selling your house or oter assets)

    Good luck

    R.
    Smile :), it makes people wonder what you have been up to.
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