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  • Profile photo of narboznarboz
    Member
    @narboz
    Join Date: 2011
    Post Count: 3
    July 5, 2011 - 1:41 am

    Hi Terry, 

    No, we will slowly build this with our own money.  

    But, Paul asked whether there was a chance of setting the farm up on a business/commercial loan. 

    cheers

    LInda

    Profile photo of narboznarboz
    Member
    @narboz
    Join Date: 2011
    Post Count: 3
    July 4, 2011 - 11:29 pm

    Thank you everyone for your comments.  its not necessary for us to include the $60k personal debt as we can still fund this outside of the vendor finance.  It would have just freed up a little cash to pay them more.  Would this change anything? 

    And the fun part is finding a lender that is willing to go the extra mile to do a SMCB for us or be experienced in this field.

    We are looking at establishing the property as a cattle, pony stud and pig breeding facility.  However not sure on the processes of a business/commercial loan. I would appreciate a little information on this.

    Regards

    Linda

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