thats right, they want security for a sizeable loan or overdraft
even after years of profitable business they still want security
ask anyone who ever started up a new business or even bought an existing business the banks want security
a home loan rate is the cheapest you will get
business loans usually .08 to .10%
because it becomes tax deductible so take off 30-50% net after tax costs
hope this helps
cheers
read the red stuff below
banking advice, page-5
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