Can i get a loan?

dave2k

Hi,

I have a very good credit rating but i have been without a job for 6 months now (i saved up before hand). Although i have done a small bit of freelancing since then.

Is there any chance of me getting a loan for 7k? (Me and my sister want to buy a small cafe).

Please let me know if you need any more information from me!

thanks

david

ANewEra

I think you would need to go to your bank with a business plan for the cafe venture. If you are not working, then presumably the cafe's profits are what will repay the loan, so the bank will want to see a pretty water tight plan for them to risk the money on it.

eschaton

dave2k wrote: »

Hi,

I have a very good credit rating but i have been without a job for 6 months now (i saved up before hand). Although i have done a small bit of freelancing since then.

Is there any chance of me getting a loan for 7k? (Me and my sister want to buy a small cafe).

Please let me know if you need any more information from me!

thanks

david

Chances would probably be around 0.01%.

[Deleted User]

dave2k wrote: »

Hi,

I have a very good credit rating but i have been without a job for 6 months now (i saved up before hand). Although i have done a small bit of freelancing since then.

Is there any chance of me getting a loan for 7k? (Me and my sister want to buy a small cafe).

Please let me know if you need any more information from me!

thanks

david

depends on how much the business will be costing,and how much capital you and your sister can put up front,is there a small business advice service in your area?they would help with a business plan and advise on approaching the banks.

hullight

Get in touch with your local council - they can put you in touch with loan and grant providers, who will help you when starting up. You will find it invaluable.