Business Banking help!!!

bexyg

Hi all,

I need some advice and before you judge me I made a bad error of judgement which massively affected my personal credit but have since sorted it out and am now on a repayment plan.....my credit score is low and I know it was all my own fault but Im desperately trying to get it sorted.

Anyways right my problem is Ive set up my own company which has the potential to earn a lot of money but after a horrible time in Barclays bank and after explaining everything about myself and my personal credit they accepted the account then rejected it....I was so disheartened I gave up in a way!!

Now Im back in to it and so desperately want to succeed with this business, I dont want to loan any money what so ever, I dont want a over draft, I dont want a debit card, I dont want anything from a bank just a place my money can be held safetly, I dont know where to start with the banks I dont want to waste another 3months working with 1 bank then only to be rejected again. As Im a limited company I need a bank account to trade!!

My projected cash flow after the 1st year of trading taking off all massive expenses to start was ending with a closing balance of 40k, I worked out 3 years projections and never went into minus figures and all my business plan shows the potential and there is such a demand for this business in my area it could take off tomorrow if I could get the account.

I bank with Nationwide and they closed down there business department.

If anyone can help me or give me any advice on what I can do please do so Im desperate to get going!!!

Thankyou in advance

missile

I tried to open a new business account with Barclays and afeter delay and frustration at their ineptitude, I gave up and opened an account with RBS. I applied on line, they phoned me up completed the form and sent it out for my signature. 3 days later my account was up and running. Great service and I would thoroughly recommend them.