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

HeinzVarieties

Ajax67 said:

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.

You were given practical tips, just not practical tips on how to waste money.

kazwookie

I suggest you get a 2nd job, in the evenings, when it is dark and you cannot clean windows, then save this money to buy the new equipment

Ajax67

The problem is that if I buy a new van and rise-and-wash equipment into it, I will only have the van and the equipment and otherwise I will be broke. Therefore I am looking for some possibilities to borrow buffer cash, or, even better, to achieve instant access to buffer cash without borrowing it.

Ajax67

kazwookie said:

I suggest you get a 2nd job, in the evenings, when it is dark and you cannot clean windows, then save this money to buy the new equipment

Sure. If a CEO of some big company wants a bank to lend his business money for new investments, the bank can also recommend him to earn the money as a bouncer instead...

HeinzVarieties

Ajax67 said:

The problem is that if I buy a new van and rise-and-wash equipment into it, I will only have the van and the equipment and otherwise I will be broke. Therefore I am looking for some possibilities to borrow buffer cash, or, even better, to achieve instant access to buffer cash without borrowing it.

Save some more money and buy it when you have enough to cover the other stuff.

QrizB

Ajax67 said:

The problem is that if I buy a new van and rise-and-wash equipment into it, I will only have the van and the equipment and otherwise I will be broke. Therefore I am looking for some possibilities to borrow buffer cash, or, even better, to achieve instant access to buffer cash without borrowing it.

If you're confident in your business plan, buy the van and equipment from your £15k savings and then replenish them using your 50% higher income. In the time that takes (which could be 3-5 years) live with a depleted emergency fund and hope you don't get any emergencies.

Ajax67 said:

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

If you get an emergency before you replenish your fund, borrow from family.

Ajax67

If I was about to borrow from my family, I wouldn't waste any time here. And I would rather top myself than ask my relatives for money.

theoretica

Ajax67 said:

The problem is that if I buy a new van and rise-and-wash equipment into it, I will only have the van and the equipment and otherwise I will be broke.

Yes - a lot of people buy the new equipment/house/car/whatever - and insurance to go with it - and go temporarily broke and save like mad for the next few months while praying that another emergency doesn't strike at just that moment.  You have, I think, the credit card as potential emergency cash.  Do you have any particular likely emergency spending in mind that makes you so keen on having a large cash buffer at all times?

Sncjw

No need for the rude replies we are just trying to help you so that you won't end up struggling financially to meet your living costs or end up in the worse poaition. 

You seem like you want it now and not prepared to sacrifice your savings for the benefit of your future. Which will mean more money coming in.. 

QrizB

Ajax67 said:

If I was about to borrow from my family, I wouldn't waste any time here. And I would rather top myself than ask my relatives for money.

Best hope the emergency doesn't happen, then.