Needing help with funds
by clearwater35, Performer
- Created: May 24, 2010, 2:36 pm
Hello just wondering is there any way for my mother and i to get a loan and buy a buisness.
My mother has good credit but mine is bad.
we would like to buy a hotle at the moment it is not trading but last year it was. It is being sold as bricks and morter not a going concern.
for around £400,000
My mother is a dance teacher with a school and wishes to bring that to the hotel and use the functions room.
and i solely run 6 bed guest house in the past have managed 20 bed hotle.
we only have about £10,000 pounds at Moment (mothers house)
we both have income around £16,000 per yer
is there any way we could come up with the funds to buy this propety
there is accounts showing income around 120,000 on hotle one year ago
any help on what we may try wouls be a bonas ty
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