Self-employed on a low income needs a loaned £3-4k buffer cash to be repaid within 2 years

Ajax67

I think you don't understand the bit about new, higher productivity equipment. My current equipment enables me to work with low productivity. And I have no time to save money on a low hourly income.

Ajax67

Also, if I wanted, I would have a chance to borrow money from my family, but I won't do it.

HeinzVarieties

Ajax67 said:

I think you don't understand the bit about new, higher productivity equipment. My current equipment enables me to work with low productivity. And I have no time to save money on a low hourly income.

So you're just going to be doing less work and your income will remain the same?

If so I can see why a bank would be even more reluctant to lend the money.

Ajax67

My income will go up when I have new equipment. Otherwise, I would have to work long hours on a low hourly income. That I want to avoid.

Ajax67

Also, in case some global disaster happens and my services will no longer be required, I will be able to sell the bigger van I am currently about to buy. That way I will be able to repay the debt.

HeinzVarieties

Ajax67 said:

My income will go up when I have new equipment. Otherwise, I would have to work long hours on a low hourly income. That I want to avoid.

And as I said, you can save more when your income goes up.

Ajax67

HeinzVarieties said:

Ajax67 said:

I think you don't understand the bit about new, higher productivity equipment. My current equipment enables me to work with low productivity. And I have no time to save money on a low hourly income.

So you're just going to be doing less work and your income will remain the same?

If so I can see why a bank would be even more reluctant to lend the money.

No. I want to work for the same amount of hours as up to now and to achieve a 50 per cent higher income.

HeinzVarieties

Ajax67 said:

HeinzVarieties said:

Ajax67 said:

I think you don't understand the bit about new, higher productivity equipment. My current equipment enables me to work with low productivity. And I have no time to save money on a low hourly income.

So you're just going to be doing less work and your income will remain the same?

If so I can see why a bank would be even more reluctant to lend the money.

No. I want to work for the same amount of hours as up to now and to achieve a 50 per cent higher income.

See the post above.

Ajax67

And to be honest, I would prefer some practical tips. Up to now, I have heard only ill-informed and judgemental remarks on my account.

Sncjw

Not ill informed.. 

Thats what a business does they save the profits and use it to make the business batter by buying equipment or hire staff thus increasing profits and then investing more into the husiness
 
You have 15k in savings use that and then when you have the kit you will be able to replenish the money quicker than you had previously. 

Dont borrow money for just in case as you woild need to fund the monthly payments straight away as well as your living costs