Hi,
Just looking for some information relating to loans for startup businesses. Would my only option be to take out a business loan secured with residential/commercial property?What other avenues are available? Collateral must always be provided? Private investors willing to lend unsecured?
I have an existing business that is running very well.
Understanding that this is a property investing forum, I do really appreciate any comments and tips.
Sheep
Normally yes unless it is a franchise or similar you are unlikely to obtain much in the way of a LVR on the business itself.
Residential / commercial security will always give you a sharper rate and terms.
If the business has equipment or inventory then finance can be arranged against these items but normally short terms 1-4 years or similar.
Richard Taylor | Australia's leading private lender
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