Search results

@tomjono6 Thanks for your reply, I’m assuming you mean 30% cash of whatever is borrowed (so $1m of the $3m) and not assets of that value as security ($900k for say $2.7m)?

Obviously I’m not a finance guy

@wordnord It might be a simple way to look at it but it seems like it’s relatively sensible option to loan money out against the value of assets within the business, especially at a higher rate than the value. I appreciate that it’s different than a house and specialised products are harder to...

@dee365 That would be best case scenario, but I am of the understanding that the directors want the cash. I know they are speaking to competitors, all of whom are lowballing which is how this opportunity has presented itself.

Hi all, throwaway for obvious reasons I am after a bit of advice around raising capital to finance a business purchase. Finance is not something I know much about. I am trying to be somewhat vague as I do not want to divulge any sensitive information but I am looking for advice. TLDR - I...