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Start up business funding advice needed

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Comments

  • kandi_2
    kandi_2 Posts: 10 Forumite
    I LOVE toasties !

    Best of luck with it - I got a £25k loan from the HSBC after 6 months trading but we've banked with them for ages so they knew our credit history was good. Just beware... if you're going to take on any long-term debt - read the small print!

    I'm searching on here for anyone else who has taken on a loan and been stung for £1000s when trying to repay early.
    HSBC... bless them.... want £35,0000 from me to clear the loan just 1 year in !

    Beware!
  • motorguy
    motorguy Posts: 22,633 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    kandi wrote: »
    I LOVE toasties !

    Best of luck with it - I got a £25k loan from the HSBC after 6 months trading but we've banked with them for ages so they knew our credit history was good. Just beware... if you're going to take on any long-term debt - read the small print!

    I'm searching on here for anyone else who has taken on a loan and been stung for £1000s when trying to repay early.
    HSBC... bless them.... want £35,0000 from me to clear the loan just 1 year in !

    Beware!

    It would appear that small business grow despite banks as opposed to with the aid of banks...
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