raider, this may or may not suit depending if you own a home and...

  1. 688 Posts.
    raider, this may or may not suit depending if you own a home and have some equity in it.

    If you own your own home and are not needing to borrow huge $ why call it a business loan? Just say you want to add to your home loan for extensions/renovations/ whatever.

    My experience is that the bank will lend at the drop of a hat for home lending but for business purposes they really put you through the hoops.
    Also home loans = cheaper interest rates.

    Not intended as advice as you would naturally run this by your friendly accountant anyway.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.