Borrowing £50 -£100k by next week..

[EINSIGN]

Suggestions needed please on where to borrow around £50-£100k by next week. For an established, successful and profitable business.

HBOS simply won’t lend quickly enough, so looking for a solution from alternatives who can.

Any suggestions really appreciated!

Edited by EINSIGN on Sunday 18th January 15:14

[Silent1]

loanshark?

[chr15b]

one of the high street pawn brokers? - see if there is a speedloan near you

[EINSIGN]

Sensible suggestions? Any business angels or investors on here?

[chr15b]

sorry, mis-read

thought you put 50 to 100 quid..

[jacobyte]

You could try asking your HBOS account manager to continue honouring payments, in the knowledge that you accept there may be charges until your loan/overdraft facility is in place. It's not the ideal situation, but at least you'd be able to trade without pissing off your suppliers and staff.

If that's a "no", then perhaps talk to another bank, and be prepared with 3 years of financials?

[zadumbreion]

It CAN be done, depending on various factors.

What is it going to be used for?
How long do you need it for?
What are you offering the lender in terms of return?
What security is there?

Edited by zadumbreion on Saturday 17th January 13:14

[EINSIGN]

zadumbreion said:

It CAN be done, depending on various factors.

What is it going to be used for?
How long do you need it for?
What are you offering the lender in terms of return?
What security is there?

Edited by zadumbreion on Saturday 17th January 13:14

Cashflow/stock
1-2 years
not sure
property, PG

[The Moose]

what property do you have available for it to be secured against (property that does not have anything currently secured against it)?

what % rate do you want to pay?

PM me the details.

Cheers

The Moose

[Soovy]

If oyu have security/collateral you should be able to organise quickly.

Otherwise difficult.

[EINSIGN]

I am not a financial guru, but if anyone can help please PM with details of exactly whats needed to make a decision and I will reply ASAP.

As for percentage to repay, as little as possible!

[zadumbreion]

EINSIGN said:

As for percentage to repay, as little as possible!

I see you're doing your best to make it enticing ;-)

Edited by zadumbreion on Saturday 17th January 22:34

[EINSIGN]

zadumbreion said:

EINSIGN said:

As for percentage to repay, as little as possible!

I see you're doing your best to make it enticing ;-)

Edited by zadumbreion on Saturday 17th January 22:34

Do you have a suggestion for what someone would want in return?

[Broccers]

EINSIGN said:

zadumbreion said:

EINSIGN said:

As for percentage to repay, as little as possible!

I see you're doing your best to make it enticing ;-)

Edited by zadumbreion on Saturday 17th January 22:34

Do you have a suggestion for what someone would want in return?

Shares in your business plus an amount secured on your personal property. What are you offering ?

[Olf]

Might be worth sorting out exactly how much you want to borrow before you go asking. 50k to 100k doesn't sound too well planned out.

[EINSIGN]

I am not going to put confidential information on a forum. If anyone can genuinely offer assistance then PM me with your full credentials and I will tell you what you need to know...

[daver777]

if your bank is prepared to lend, but just cant do it quick enough, they will be prepared to cover the shortfall with an overdraft.
or they would for us? might be worth asking the question..
hope that helps!

[Work-Shy-Wanabe]

Speak to Nick at http://www.commercialcare.co.uk/

[paoloh]

EINSIGN said:

I am not going to put confidential information on a forum. If anyone can genuinely offer assistance then PM me with your full credentials and I will tell you what you need to know...

People won't chase you, you need to chase them.

£50-100k is a big bloody difference.

You will need to explaqin exactly what you plan to do with this money and what you are prepared to give in return

[trooperiziz]

I'm out.