How do i raise unsecured finance for my business to keep it going until i sell in 3 weeks?
Answers:
sell drugs
PUT UP A GOOD GENUINE CASE OF FACTS TO YOUR BANK MANAGER AND IF YOUR BUSINESS IS CONSIDERED TO BE A SOUND INVESTMENT AND YOU HAVE A REASONABLE BUSINESS PLAN TO COVER YOUR INTENTIONS FOR THE THREE WEEK PERIOD,YOU MAY GET THE NECESSARY LOAN. Good Luck.
depends on what the situation is, if u need a litlle bit of money y not just apply for a overdraft at ur bank? if u need more, try part remorgaging a property. its not as scary as u think - but u have to be strict with urself as soon as u sell pay it back!
I'm wondering what you mean by 'until I sell in 3 weeks'?
I'm understanding here that no contracts have been signed - if that's the case then you have no sale that will complete in three weeks. If you mean you are due to exchange contracts in three weeks, then again you have no 'sale' until contracts have been signed and exchanged. If you have problems with settling debts until completion of the sale, why no contact your debtors and ask their indulgence to wait 3 weeks for full payment of debts - perhaps offering a written indemnity to settle on completion - better if this came from your lawyer - your debtors would trust this better. If you are looking to maintain stock to keep the business going until exchange, you could ask the buyer if they would 'sub' this and deduct the monies 'lent' in this manner from the monies they would pay to you on completion.
Otherwise you are left with a business loan, or a personal loan, or a bridging loan that gets paid out of your sale proceeds. If you own a property on mortgage, there are many banks and building societies that will allow you to borrow for any purpose monies on your property - this too can be paid back when you get your sale proceeds.
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