Business Loan

nickwidd

Hi People.
I am applying for a business loan for £25,000 to help expand a mobile bar business. What kind of turnover would a bank look for over the first 3 years for a loan of this amount? I know there are different kinds of repayment plans but I am just looking for a ball park figure.

thanks in advance.

ILW

nickwidd wrote: »

Hi People.
I am applying for a business loan for £25,000 to help expand a mobile bar business. What kind of turnover would a bank look for over the first 3 years for a loan of this amount? I know there are different kinds of repayment plans but I am just looking for a ball park figure.

thanks in advance.

I would have thought they would be more interested in profitability and cash flow.

[Deleted User]

nickwidd wrote: »

Hi People.
I am applying for a business loan for £25,000 to help expand a mobile bar business. What kind of turnover would a bank look for over the first 3 years for a loan of this amount? I know there are different kinds of repayment plans but I am just looking for a ball park figure.

thanks in advance.

they will want to see your books,not hear some figure that you think they want to hear,but as above profit and cash flow are just as important as t/over.And for 25k they may want some security.

jonesMUFCforever

What does your capital account show?
If you do not have more in there now than 3 years ago forget about it.