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hate this recession

Discussion in 'Dog Chat' started by davehyde, Jun 21, 2010.


  1. davehyde

    davehyde Banned

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    been trying to get a 5k loan to start a new business, no one wants to lend to ya.

    only if you already have money.

    ffs if i had money i wouldnt want to borrow some.

    fed up with the place.
     
  2. rona

    rona Guest

    Can't you get loans from the government for this?
     
  3. Waterlily

    Waterlily Amused

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    Are ya eligible for a five thousand dollar credit card :confused1: Oh 5k is nearly eight here aye :confused1:
     
  4. davehyde

    davehyde Banned

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    tried the cc i have no credit history at all lol.

    never had it.

    government is so bloody slow too, appliked to them.
     
  5. Waterlily

    Waterlily Amused

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    Can you maybe go into partnership with someone then buy them out after the business is established.
     
  6. AmberNero

    AmberNero PetForums VIP

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    There's little interest out there in so many things, my partner tried to start his own business and had to close it down again as nowt was happening (not given up, just on hold!). tumbleweed city in the electrics world. What is your business in? Hopefully you'll get the money somehow and get it up and running! :thumbup:
     
  7. kaz_f

    kaz_f PetForums VIP

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    Yep you have to prove you don't need it before you can get it - bonkers really!

    Where's the incentive :confused:
     
  8. lifeizsweet

    lifeizsweet PetForums VIP

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    Oh started his own business last year with not a penny, we've had to build it from scratch but we are getting there slowly, is there anything you can do to get the ball rolling without the money yet?
     
  9. davehyde

    davehyde Banned

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    not really, i have to invest in about 3k worth of gear to begin with,
    then insurances
    advertising etc.

    i already have loads of jobs on but the capital is a bitch to find.
     
  10. lucysnewmum

    lucysnewmum PetForums Senior

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    sounds like you have a cash flow problem!
    could you ask for a deposit up front with the balance paid on completion of the job? this would generate some working capital and get the ball rolling.

    put together a Business Plan and back it up with letters of intent from prospective customers...this may persuade the bank to lend!

    the cheapest form of advertising i can recommend is graphics on your vehicle! they are a one off payment, permanently on display and you will be surprised at the amount of phone calls you receive off them.

    :thumbup:
     
  11. Mr Kipling

    Mr Kipling PetForums Member

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    Only if you are an immigrant, don't speak English, have been here for 5 minutes or less and plan not to repay it.

    Whoops that's it I'll be branded a racist!
     
  12. Sleeping_Lion

    Sleeping_Lion Banned

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    There are usually loads of local organisations that will help out in this sort of situation. I'm one of those horrible people who had my own cash lump sum to get started :blush: but I know there are loads of grants I could have applied for, just didn't want to take cash for the sake of it.
     
  13. Waterlily

    Waterlily Amused

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    haha its the same here :lol: jump off a boat get free housing internet and money furniture etc etc etc etc :rolleyes: If been annoyed about it makes me a racist then oh well !! :001_cool: :lol:
     
  14. poppydog1

    poppydog1 PetForums Member

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    Have you tried a credit union when we needed a loan they helped.
     
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