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Forum nameFinancial Feast
Topic subjectRE: Unsecured Loan for biz expansion
Topic URLhttps://www.businessownersideacafe.com/forums/dcboard.php?az=show_topic&forum=105&topic_id=14&mesg_id=79
79, RE: Unsecured Loan for biz expansion
Posted by Phanntom, Sat Oct-28-06 07:23 AM
The amount you're seeking isn't unreasonable but you'll have better success with anyone if you develop a business/acquisition plan that shows how the new business will be able to repay the loan. Something else that should be addressed is any effect that the new business will have on your existing one. i.e. Will it draw business away from your existing business, will both businesses benefit from an economy of scale..like buying power etc. These are questions you should want answered for yourself more so than for a lender.
Good luck
Denny