457ie and raising finance
 

Has anyone on a 457ie had difficulty in raising money for a business mortgage? I had a chat with someone at Commonwealth who seems to think it won't be too easy if you've not owned a business before, and also the fact that we will be on temp residence visas. He also said that we wouldn't have an established credit rating in Oz or a good financial record to back us up.

If anyone has any experiences they can share, or contacts for raising finance, would be much appreciated.

Re: 457ie and raising finance
 

Hello Alice.

If you are in London next week you might want to attend a seminar that a partner in our joint venture firm of accountants is running on Setting Up a Business in Australia. One of the topics he is including is business finance - which is why I thought it worth mentioning.

Places are available next Thursday (26th) and there are more details here if you are interested:
http://www.gomatilda.com/news/article.cfm?articleid=217

Best regards.