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Loan to purchase a business
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Most lenders will not lend for business purchase. A commercial broker may be able to help.
It has been known for people to apply for secured, or unsecured loans, for the purposes of 'debt consolidation', or 'home imporovements'. The lenders do not check what you actually use the funds for. You may already have done the home improvements, for instance. I'd not ever recommend this practice.I am a Mortgage adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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