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Bank loan or use own money?
I have just bought a small business for £39,000. I have most of the money but I wasn't sure if it would be best to use a bank loan for £10,000 for tax relief etc. Or is it not worth it and just use some savings from premium bonds. I am english but I have lived in france for the last year. my business is in the UK, I can get a loan from HSBC as I have a good credit history and I still bank with them. But their interest is high. I did use Abbey for my previous business and had a good name with them, I still have a private account with them but they will not give me a loan as you have to have a UK address. So what do you think? Open to advice. Regards Dawn
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