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New business loan

zoun
zoun Posts: 1 Newbie
in Loans
I am about to open a new business, but should I get a personal loan or business loan for the start up cost? Shouldn't be more than £20,000.

Comments

  • Emmzi
    Emmzi Posts: 8,658 Forumite
    1,000 Posts Combo Breaker
    do you have an income other than the business
    how much of your own money are you putting in
    do you have anything to offer as security
    do you have a business plan based on sound research
    Debt free 4th April 2007.
    New house. Bigger mortgage. MFWB after I have my buffer cash in place.
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    How much are you putting in first time poster?

    If not at least 50% then you will be waiting a long time.
This discussion has been closed.
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