starting ltd company-need funding

motorguy

chalkie99 wrote: »

Possibly because only two months ago you were posting about how your ltd company had ceased trading with 40k of debts and how you were also considering personal bankruptcy because of your personal debts.

Now ask yourself, if you were a lender and someone with your record asked you to put up 20k with no input or risk on their part, what would you say?

Well spotted and well observed.

No wonder the O/P got so defensive so quickly.

motorguy

confusedlittlebunny wrote: »

why are you judging me????? and being negative? if you have no positive input to my question then why answer, your negative input was not asked for nor means anything to me!!

So as everyone else is saying too, tell us about your startup costs and see if we can help you reduce those?

confusedlittlebunny

chalkie99 wrote: »

Possibly because only two months ago you were posting about how your ltd company had ceased trading with 40k of debts and how you were also considering personal bankruptcy because of your personal debts.

Now ask yourself, if you were a lender and someone with your record asked you to put up 20k with no input or risk on their part, what would you say?

My circumstances have changed. All company debts have been cleared now. Now Im starting a new company.........

confusedlittlebunny

pgilc1 wrote: »

So as everyone else is saying too, tell us about your startup costs and see if we can help you reduce those?

Apologies Paul , i appreciate your just being homest with me.......

Start up cost are:

£18,000 Equipment (single unit)
£750 three months premises rent (plus £250 deposit)
£200 website set-up/design
£500 marketing/advertising
£50 licensing fee's
£500 consumables

Basically, its the single piece of equipment i require that is causing me the biggest problem. I have not had a good credit scoring since last oct 2010 and plan to repair this by getting back on my feet which may cause me problem obtaining credit so im desperate to find an alternative. All companies i have approached only offer the lease or hire purchase (based on a credit check of course) and will cost £800 per month to pay back but if i can get a loan and buy the machine then i would pay the loan.....(a high street bank repayment was £122 pcm on £20k subject to credit check) there is a huge difference in the £800 pcm (HP or lease) to the £122 (bank loan).....hope this is clear.....

steve1980

What on earth are you spending £18k on? What business are you trying to start up?

confusedlittlebunny

steve1980 wrote: »

What on earth are you spending £18k on? What business are you trying to start up?

A laser machine:)

steve1980

Laser eye surgery ?

confusedlittlebunny

steve1980 wrote: »

Laser eye surgery ?

No, laser non-surgical facelifts

property.advert

This bloke wants a loan to buy a job !

Yet will not even put up the "£50 licensing fee's" himself.

Avoid, even before looking at a business plan.

property.advert

confusedlittlebunny wrote: »

No, laser non-surgical facelifts

Seen it on QVC late night shopping channel then ?