Financing new business - how much own capital needed.
Financing new business - how much own capital needed.
Author
Discussion

somnv

Original Poster:

136 posts

234 months

Wednesday 18th February 2015
quotequote all
Can anyone give me a rough idea of how much of my own capital I would need (as a rough percentage) in order to secure a bank loan for a new business? The business would be in the leisure sector, basically a campsite with a few other bits and pieces. I would need to buy the property and do all the building work so I apprecite the start-up cost would be high.

Thanks in advance for any feedback.

Doctor Volt

336 posts

156 months

Wednesday 18th February 2015
quotequote all
Ask different banks

Sunnyone

150 posts

144 months

Wednesday 18th February 2015
quotequote all
If you don't have personal assets to secure the loan against I think you will struggle.

We tried to get most of the banks to loan against signed (government) contracts and they weren't interested without directors guarantees backed by assets.