Serious Question :)

If say for arguments sake you had really shit credit and lost a business in the past, do you think a bank would lend you........say....quater of a million £'s to buy an established flowing business? :)

Jonno B)

:( I think the bank manager would probly fall off the chair laughing at ya and then you'd have to deck em.

Yeah but with a business plan and show the books at a very good turnover, 12 years est and with 7 years experience in that trade I thought maybe personal credit shit would'nt be a factor? :unsure:

Jonno B)

no

You might need a massive dose of luck

Yeah but this is an established business that's for sale including a flat above which is ocupied and has an awesome turnover already and a wide area of clientel which would otherwise have to travel at least a mile for a pack of fags or a paper etc :)

Oh come on, be posetive :)

Jonno B)

:) There's always a chance you could get lucky.

:smilie4: What's the worst they can do? Say no, you won't know unless you try.

:) The business plan and books are a very good idea tho.


:blink: You said you wanted serious answers.

Go and see them, what's the worse that can happen

Well realistically this place is a little gold mine, seriously for the size of the place I bet there's no where for a 25 mile radious that has the same turnover, cept the city places, I dunno, unfortunately my mind is set in motion which usually means I'll be in debt within a week :rolleyes:

Jonno B)

Edit: @Dan.......They could say no and I'll most likely lose my job :(

Quote:

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Originally posted by JONNO_CELEBS@17 August 2004 - 13:41
Edit: @Dan.......They could say no and I'll most likely lose my job :(

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The owners trying to sell up and move on then? :unsure:

Have youi got anyone with better credit thatn yourself that could jump in with you? I know what a hassle the shit credit is , I have the problem myself :(

@JPF.....The only thing I could secure it with is the business it'self, it's a ltd company so it's safe :)
Thanks for the link :)

@Dan.......Yeah and they got some Pakistani bloke coming to look at it, well I'm not being rascist but we all know if that happens he will staff it himself :(

I like my job, never enjoyed work before, only been there a few months and now it looks like I'm fucked :(

Jonno B)

[email protected] Lloyds/Tsb don't like me, they send me lots of pretty pinky/red letters :frusty:

If i was you I would pull my socks up and find out pronto then

:01: Absolutely, create the business plan and go for it.

There is absolutely no way on earth any lender would consider a loan of 250,000 pounds without collateral.

The business itself could not be considered as collateral as it is intangible, the bricks and mortar could be used as collateral but then by definition that is not going to be enough.

@Janey........I have no idea where to start :lol:

@Manker.....Do you ever say anything positive? :rolleyes:
As far as any mortgage lender is concerned there is a building which is worth a lot of money and turns over easy enough to pay that off in 5 years, I'm not saying you're wrong, I'm just saying You a glass half empty kinda guy.......I'm not :)

Jonno B)

You don't think you could find someone willing to be your partner?

In this this venture of yours I mean.

@Mr.S........No, for 2 reasons
1= No one is that stupid to let me play with money :rolleyes:
2=Very few people would accept less than 50% ownership and I would never have a 50-50 partenership, too much to go wrong.

Jonno B)

@JPF........What you mean "Tidy myself up?" <_< Cheeky git, I&#39;m always tidy......And I have a Chapps Ralph Lauren suit B)

I gave a serious answer, as requested.

Sometimes I think positive but mostly thats about airy fairy stuff like sport and girls. If there is something serious being spoken of I&#39;m generally realistic rather than happy clappy :)

:) That&#39;s a good suggestion JPFugley

:unsure: do you have business advisors where you are Jonno? We do, they can help with the business plan and presentation.

:) You should also talk to the current owners, they may well prefer to sell to you.

@Manker.........That&#39;s fair enough you just seem to block everything I say :blink:
Wer er, anyway thanks for the input :)

@Janey......Yeah kinda, I went to see them when I was 19 about a bike business and she just sat there gazing in my eyes :frusty:

Jonno B)

:rolleyes: that was fascinated horror at your ugly mug :P :lol:

;) Go back, maybe it&#39;ll be a guy this time







:helpsmile: Oh wait, would that help? :P

Quote:

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Originally posted by JONNO_CELEBS@17 August 2004 - 14:10
@Manker.........That&#39;s fair enough you just seem to block everything I say :blink:
Wer er, anyway thanks for the input :)

@Janey......Yeah kinda, I went to see them when I was 19 about a bike business and she just sat there gazing in my eyes :frusty:

Jonno B)

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Not everything, you pissed me off last night by making out as if it was OK to torture a crayfish because it didn&#39;t have feelings and on this occasion I know 100% that you will not be able to get that loan, and you asked for a serious answer.

Generally though I think you&#39;re a nice fella :)

I&#39;ve certainly nothing against you.

Hey whoa whoa, I never said anything about torture, I&#39;m and have been a crab/lobster fisherman for years, I&#39;ve never tortured anything, I could never kill an animal of anysort for no good reason, you obviously never eat fish/shell fish/meat etc, if you do then how do you think it gets to your plate?.......People like me, you should be swearing about those that break the legs off crabs while alive and throw them back to regro and various other shit.
I&#39;m soppy as shit when it comes to life, plenty of people here will tell you that :)
And you can&#39;t say 100% I&#39;ll get turned down, my business faded out before, I have poor credit but never been to court or gone bankrupt.
I apreciate your opinion but think saying "No way period" is a little harsh :(

@Janey.......Yeah thanks for that :rolleyes: :lol:

Jonno B)

Fair enough :)

I hope you get the loan too.

:rolleyes: You just rolled your eyes at e did&#39;nt you <_<

Seriously tho, I would/could never harm anything for sport or fun :)

And thankyou I hope it goes well too :)

Jonno B)

:01: Go get em Jonno.


;) Either a masterful business plan or seduction of the bank manager should see ya right :D

if ya got a house jonno thats collateral or any expensive cars etc.. some banks allow that depends on how you wana use it as collateral hell jus see if the&#39;ll work wid ya ,but i say u might have to ask fo less ,good luck tho&#33;

With your lack of collateral there are two possibilities open to you:

1) Visit all the banks and see if your business will qualify under the government backed &#39;Loan Guarantee Scheme&#39;. Follow the link below for more details.

http://www.businessadviceonline.org/bdotg/...furlparam=sflgs

2) Get an investor to help partly or wholey finance the purchase in return for a share in the business. You may not like the idea of someone else obtaining a substantial stake in your business, but if you cannot get finance by any other means then you won&#39;t have a real choice.

Venture Capital as it were.

Oh well I guess I&#39;ll give up on that idea :rolleyes:
Can&#39;t find out how much it&#39;s for sale for, obviously think I&#39;m just being nosey :frusty:

Guess it will be back on site for me then :(

Jonno B)

I put all of my money in a jar none of this finacial institution bullshit

You got quater of a million pounds in a jar? :blink:

Jonno B)

Quote:

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Originally posted by JONNO_CELEBS@18 August 2004 - 11:12

Can&#39;t find out how much it&#39;s for sale for, obviously think I&#39;m just being nosey :frusty:

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Ask them, I mean they know you are interested don&#39;t they? :unsure:

I did ask them, they did&#39;nt want to tell me and not tell the others, they told me who it&#39;s advertised with but both me and Baz have scoured the net and can&#39;t find shit :frusty:

So that&#39;s that I guess

Jonno B)

Damn, and I missed my train for that too :lol:

:blink: ??

Jonno B)

Quote:

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Originally posted by JONNO_CELEBS@18 August 2004 - 11:24
:blink: ??

Jonno B)

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I should have left but I posted instead, looked out the window and saw the train I was meant to catch leave without me :o

DoH&#33;

So in a metaphoric kinda way we both missed the train?
That what you saying? :unsure:

Jonno B)

Quote:

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Originally posted by JONNO_CELEBS@18 August 2004 - 11:34
So in a metaphoric kinda way we both missed the train?
That what you saying? :unsure:

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Possibly :blink:


Shall I just say yes ? :D


Now i have to go before I miss the next one too

Next one? Damn your trains run frequently :blink:

Jonno B)