UK loan (to buy a business) vs foreign property asset
UK loan (to buy a business) vs foreign property asset
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big_rob_sydney

Original Poster:

3,671 posts

218 months

Thursday 19th December 2024
quotequote all
Quick one; anyone know who could help with a loan to buy a business in the UK for someone who has assets in the EU?

Thx,
R

OutInTheShed

13,263 posts

50 months

Thursday 19th December 2024
quotequote all
Any of the agencies who work with business transfer will have links to business finance operations?

Or do you just want to raise a mortgage on euro property, without them needing to know what you'll do with the cash?

big_rob_sydney

Original Poster:

3,671 posts

218 months

Friday 20th December 2024
quotequote all
The agencies can help, sure, but the problem with that is timing. I dont want to find something and go through the due diligence process, only to find that finance comes with onerous strings attached. I'd like to know that the finance was locked in up front with conditions that are reasonable, and then be able to look at something. This also makes the approach to a business more genuine; I'm sure they dont want any Tom, Dick, or Harry walking through the door with zero finance, yet expecting to have a look at the books, NDA or not. I basically want to walk into a potential acquisition target and treat them with the respect and courtesy they deserve. They will have a business to run, and I dont want to bother them any more than necessary.