help needed business loan question, page-8

  1. 17,117 Posts.
    what sort of business is it ?
    about 4 years ago I tried similar figures for a toy shop and the bank wanted bricks and mortar
    old rule of thumb is the cost of the business is 5 times the gross profit, meaning you recover the cost in 5 years, but that theory changes with cafes and other types
    sounds a bit too good to be true, you recover in 2 years
 
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