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One loan or two?
I want to borrow about £50,000. I can try to get one loan from a bank, or I could get two from separate banks with much lower interest rates. This is for a business venture.
As backup, I have over £40,000 in savings that I wont touch for the period of the loan, and I haven't touched it for years. I hope to use that as an incentive to the lenders.
So what are the chances of me getting the two separate loans? Or should I stick to trying to get only one?
As backup, I have over £40,000 in savings that I wont touch for the period of the loan, and I haven't touched it for years. I hope to use that as an incentive to the lenders.
So what are the chances of me getting the two separate loans? Or should I stick to trying to get only one?
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Comments
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You need to apply for a business loan with the bank, putting forward your business plan and at least 25-40% of the business cost from your own cash.The instructions on the box said 'Requires Windows 7 or better'. So I installed LINUX
:D0
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