Clean It Up

UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: lcwalker on October 08, 2010, 10:31:40 am

Title: Business loans?
Post by: lcwalker on October 08, 2010, 10:31:40 am

I do window cleaning and gardening and would like to add some better gear to the stuff i have already , I reckon ill need around £3000 but on internet searches the interest rates are all well over 20%.Im 34 so im to old for help from the princes trust is there any help out there for someone of my age thanks in advance.

Title: Re: Business loans?
Post by: rg1 on October 08, 2010, 10:46:19 am

A business loan from the bank would be a lot cheaper

Title: Re: Business loans?
Post by: Ian101 on October 08, 2010, 01:06:55 pm

£3000 over 36 months at 6% flat (APR about 12% to 14%) would be £98.33 a month or £22.69 a week (monthly divided by 4.33333)

If you have ok credit rating then thats what bank should be offering.

My background is car sales / finance.

over 48 months be about £77.50 / £17.88

Hope it helps !  :)

Title: Re: Business loans?
Post by: Dave R on October 08, 2010, 01:23:28 pm

try the aa, when i got a loan they were excellect and quick,  8)

Title: Re: Business loans?
Post by: rg1 on October 08, 2010, 03:08:49 pm

Ian 101. Would you mind if I emailed you regarding the finance on my van?

Title: Re: Business loans?
Post by: Dave Willis on October 08, 2010, 04:50:44 pm

Is it possible to use 0% credit cards and switch the loan to another 0% card when it's due to shoot up?

Title: Re: Business loans?
Post by: ♠Winp®oClean♠ on October 08, 2010, 05:12:31 pm

You'll be lucky to get a loan of 3k below 16% & you might not even get that unless you have the cream of criteria!

Dave's suggestion of credit cards is a good one but you may have a 3 to 4% fee initially & each time you change. This usually will still work out much cheaper than a loan from a high street bank.

Zopa have superb rates but again, you really do have to be the cream of the crop to get one. ;)

Title: Re: Business loans?
Post by: Ian101 on October 08, 2010, 06:43:12 pm

Quote from: rg1 on October 08, 2010, 03:08:49 pm

Ian 101. Would you mind if I emailed you regarding the finance on my van?

happy to help if I can ... email on my profile  :)

Title: Re: Business loans?
Post by: Ian101 on October 08, 2010, 06:45:24 pm

Quote from: Winp®oClean on October 08, 2010, 05:12:31 pm

You'll be lucky to get a loan of 3k below 16% & you might not even get that unless you have the cream of criteria!

sorry quite correct £3000 is a low balance to finance ... rate possibly 8% flat and about 16-18% APR

so £3000 over 36 would be £103 or £82.50 over 48

Title: Re: Business loans?
Post by: rg1 on October 08, 2010, 06:48:37 pm

This may help:


http://www.natwest.com/business/products/borrowing/longer-term/loans/small-business-loan.ashx

Title: Re: Business loans?
Post by: Sean Dyer on October 09, 2010, 01:01:44 am

hsbc where doing loans with interest about 8 % between 7500 and 15k

 might be worth a try though