Home Forums Starting your journey Financing advice for New Pet Boarding business? Reply To: Financing advice for New Pet Boarding business?

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nc098
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Thanks Johny, that does seem to be the resounding message. I’m wondering though, are there any solutions to the problem? The bank’s are saying no to the lend but not offering any suggestions such as, if you were requesting less we might consider, or if your home loan was only $this much we might consider. The answer is no, with no alternative options. From your banking experience, can you offer any ideas on what might make me more appealing to a lender, something that I can work on? If I paid the $20k savings off the home loan, would that help, for example?
Also, my current wage is $50k, my partner would keep his $70k job, and the income from the new business would likely work out more than what I get paid in my current job, I’ve showcased this in my P&L.