Advice please?

JeffDundee

Need some desperate help here. I recently encountered an unfortunate situation and I had to pay off a sizable amount of money to rectify the issue, which left me with insufficient cash flows to operate my business and repay my loans in the short term. Given my circumstance, the banks are not keen to provide me with any further financial support without a guarantor (backer).

I have tried to raise funds over websites like Craigslist or Seekforfunds.com but I was wondering if there is any company out there who becomes a guarantor for a bank loan in return for a fee? Personally I have not heard of it but I thought maybe one of you could help. Thank you!

Kitten868

Didn't want to leave you without any replies so I'll comment but I have no idea. There is business debt assistance but I wouldn't know how you could borrow more. Give them a call

National_Debtline

Hi Jeff

I’m afraid I’m not sure about the answer to your loan question but if you’re self-employed I think you’ll find it useful to contact Business Debtline for advice on your cash flow and financing options.

www.businessdebtline.org

James
@natdebtline

JeffDundee

I appreciate both your advice. Bank of Mum & Dad was a good one lol.