Small Business Startup - Bank A/c? - Loan?

tomzin

Couldn't find anywhere else for Business Startup, so here goes.

I have recently returned from 12 years running a business in France, and plan to start a small business in the UK for purchasers in France who want consultancy/project management for house refurbishments. My startup costs are mainly for advertising and travelling etc, and I have the cash needed for that. However, I would be interested to find a deal with a bank for a business a/c plus £5000 overdraft facility at little or no cost, which would allow me to invest my own money elsewhere.

I can show a permanent UK address for only 1 year. I have 2 UK based credit cards (zero balance) plus a LloydsTSB current a/c.

Any ideas guys?

T MZIN

KK

We have a business account with HSBC which gave us £3K borrowing for the first year without securing it against the house or anything, plus free banking for a year. AFter a few initial teething troubles we find their service fine, although the telephone banking is based in India they have always been helpful. The internet banking is fab. I don't suppose they are the cheapest but for the number of cheques going in and out of our account they were practical. I have no idea how long you would have to be at your address, but maybe your business experience in France if you show your accounts would be helpful.

tomzin

Thanks KK, I'll keep your comments in mind when I decide what course to take.

T MZIN