We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
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?
0
Comments
-
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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.6K Work, Benefits & Business
- 602.9K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards