finance problem

[nisha]

Hello

I am a new starter and I have not yet started trading. I will need to invest a maximum of £20000 at the beginning which I don't have. I might have to take a bank loan. The first problem is that I have already applied for some loans online and I was unsuccesful which results to a poor credit score. The second problem is that I an a tenant so I can not apply for secured loan.
Anyone has the same problem????
Thanks

[www.infoebookstore.co.uk]

This might come as a surprise to you, but I would suggest actually going to your own bank and talk to a person, hopefully you have been with one for a while. You are right, the more you shoot in the dark on the internet the more it will affect your credit rating.

Speak to a real person and convince them it is a good idea, write a business plan (I am told there are some good ones on this site! ) and take that along.

If you can't convince a real person then it is unlikely you will get any luck on the internet.

Good luck

[mark611]

if you have a solid business plan why don't you try for a business loan. there also government innitiatives to help entreprenuers, findout about those!

[nisha]

Thanks guys!!
I think that I will go to the bank to apply for a loan. I need to make sure that my business plan is perfect.
Have you already applied for bank loan?? Is it like an interview?
What do they usually ask you??
Thanks