Wednesday, 27 April 2011

Quarter... Searching for Business Loans

Primarily, this is not my job, but without any figures I cannot account for our spendings.
This is from HSBC:



From Barclays:


From this I am beginning to see we can loan up to £25,000 but as we are a new business with practically no money behind us, we are also a massive risk.

Prince's Trust Loan:


For people aged 18-30 who are currently unemployed but planning to start their own business.

A list of loans from Lloyd's TSB:






This is the business loan rates based on borrowing of £21,000... this is because so far in my calculations we are requiring £20,000 in the start up costs, I am waiting for Emma's advertising figures and Liz's insurance quotes.
Ideally, a 3 year loan would be better in terms of yearly repayments.

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