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unsecured loans / mortage
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sol21mia13
Posts: 1 Newbie
in Loans
Hi , this is my first time on anything like this , and I am a little lost , I want to buy a business but have no collateral in the uk I have two properties for sale in France but lenders won't take them as security , I am looking to borrow about £25.000 can anyone help or have any suggestions please . Many thanks.
Angie
Angie
0
Comments
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Any bank will want to see you putting at least as much as they do into a business, the only thing you can realistically do is wait till one of both of the French properties sell.0
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Use proceeds of sale of property, and if desperate reduce property price to the point of giveaway!!0
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Get a business plan and speak to a small business adviser - they will advise you to wait until one of the properties sell then go and spend your money on whatever you want.
Good luck0
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