asset backing is always the best when you start or take over a...

  1. 1,461 Posts.
    asset backing is always the best when you start or take over a business

    yes I have seen the ATO come and question small business owners .... how they did it once was ... put a person out side the shop and watched the average take home ... papers magazines ..drinks etc ... then when the multiplied out revenue was around 4x higher then declared they had good reason to suspect ...

    the banks will lend to a small business if you have property ... no worries ... I don't own a house ... so they funded my business on cash flow ... @ 7.35%
    cheaper then the family was offering me money at
 
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