Home – New Forums Money matters Private Finance or Securing a Biz Loan

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  • #987525
    YourDesk
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    • Total posts: 5
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    Hey Guys,

    I posted a couple of weeks ago seeking help concerning sourcing finance without having direct access to a property as security for a loan and got some great responses.

    After chasing the banks only 1 will do unsecured finance at much reduced loan amount and with overly onerous applications and conditions including double the interest rate. The overall feedback is we have fantastic financials but are still unwilling to lend unless it can be secured with a property, but if we could they would lend 4 times the value, with hardly any paperwork and inside of 3 days.

    So I either look at the private finance side or look to find someone that would be willing to join our cause as a silent investor to gain access to secured business finance.

    So the question is do you think someone out there would be keen on gaining $1200 a month as a silent investor or should I look to get private finance organised?

    Carl

    #1163188
    MikeF
    Member
    • Total posts: 23
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    Hi Carl

    Just read your original post. A couple of questions;

    1/ How much are you looking for and what will funds be used for?

    2/ What assets show on your balance sheet?

    PM me if you want

    Regards

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