finance

[jfloans]

hi, i am looking for a small amount of finance, only £20,000 to start-up my business, but need it unsecured as have nothing to secure it on. also i am only 19 so i think i will find it hard to get any finance, can anyone help? thanks. Jason

[Ian J]

I think that an unsecured loan for a 19 year old is nigh on impossible but you might try Princes Trust

[sturat]

Thanks for your suggestions.

[jfloans]

hi, how much do you think i could get unsecured, as i rekon i could do it for £10,000 at a push, thanks.

[fisicx]

Nobody is going to loan you £1000 let alone £10,000 with knowing exactly what it is you intend to do. Come back with a solid business plan and you might get someone interested.

[jfloans]

i do have a business plan, just wondering how i would get finance, but im not going to just give out my plan to anyone, thats why i was asking.

[www.infoebookstore.co.uk]

I am sure there are options out there. The higher the risk - the higher the % any lender would be looking for though.

If you think you have a good idea and a robust business plan, go and talk to your local bank, you never know where that might lead.

Good luck

[shaunudal]

Well you can apply online or contact to any financial expert (you can contact online) they can give you absolutely free advice, and solve your financial problem just apply online they will call you back shortly.

Shaun

[peterjhale]

Originally Posted by shaunudal

Well you can apply online or contact to any financial expert (you can contact online) they can give you absolutely free advice, and solve your financial problem just apply online they will call you back shortly.

Shaun

have anyone in mind

[tkessex]

The business plan theory is, sadly, just that - a theory.

In reality no bank is even likely to consider you for a loan, unless by some great stroke of good fortune you have security in the shape of a property.

Even if a bank were to consider your application, it's becoming increasingly hard to find business account managers who know what they're doing (though that may just be in my local area). I applied for a business account at the Nuneaton branch of Lloyds TSB a few months ago, had my account opened whilst I waited and was asked to leave a copy of my business plan and come back in a week to discuss financing. When I returned a week later my appointment was delayed without notice, and when I finally saw my 'account manager' he said that he hadn't really read the plan and what he had read he didn't understand, because he knew practically nothing about the internet and technology.

What sort of account manager fails to read the business plan, and hence won't consider financing, and claims to know absolutely nothing about the very foundation of business today? Of course I complained to his manager, but as is generally the case with these sorts of organisations nothing was done and they suggested I go elsewhere!

That's LLOYDS TSB in NUNEATON folks. Whatever you do, don't ask for LUIS.