We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

best buisness loan

kymmy_2
kymmy_2 Posts: 11 Forumite
in Loans
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: 3,850 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    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.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.5K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.5K Spending & Discounts
  • 245.5K Work, Benefits & Business
  • 601.4K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture