Hi Coinmarble,
Thank you for the very good question, the bank account Ive got for the business is with Natwest Bank due to opening the account with a poor credit rating they only given me a basic business account which doesnt have the facility for an overdraft or able to apply for a loan. I did try with the bank but said it wasnt possible without upgrading my account which I tried but was turned down due to my credit score again.
I have tried other Loan companies but they all use a credit score to determine if your accepted or not. Not the profit which the company is making in profit per month.
Ask your friends and family. Since this sounds like a "sure thing", I have no doubt some of your relatives would love to chip in to make a quick buck. Thank you for the very good question, the bank account Ive got for the business is with Natwest Bank due to opening the account with a poor credit rating they only given me a basic business account which doesnt have the facility for an overdraft or able to apply for a loan. I did try with the bank but said it wasnt possible without upgrading my account which I tried but was turned down due to my credit score again.
I have tried other Loan companies but they all use a credit score to determine if your accepted or not. Not the profit which the company is making in profit per month.
Not really got much family, my Mum and Dad are older now so isn't possible for them to get a loan or borrow against their house. I've asked Friends but due to being 32 everyone is getting married, having kids and settling down so do not really have much spare cash available. I honestly wish it was that simple to borrow the funds its really frustrating that I can prove my income but still be turned down for a loan.