Business Loans
Feb 13th 2008, 12:01 pm
#1
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Joined: Aug 2004
Location: Point Cook/Melbourne/VIC
Posts: 321
Business Loans
I've just returned from my trip to oz and whilst we were in Port Douglas the sun, sea and beer got us thinking about other options available to us. We already have permanent residency visas (now stamped!!
) but instead of doing the same job different location, we started to think about the possibility of a completely fresh start and maybe buying a business (we had consumed a lot of alcohol by this point and were passing estate agents with cafes etc.. for sale
).
Most of the businesses did not include buildings so I was wondering how easy it is to get a business loan in Oz to help purchase a business (we'd only have around £40k to put to it), especially as we don't really have anything to secure the loan against other than business name/fixtures.
We've never run a business before, but hey no harm in investigating all avenues however unrealistic some may be
) but instead of doing the same job different location, we started to think about the possibility of a completely fresh start and maybe buying a business (we had consumed a lot of alcohol by this point and were passing estate agents with cafes etc.. for sale).Most of the businesses did not include buildings so I was wondering how easy it is to get a business loan in Oz to help purchase a business (we'd only have around £40k to put to it), especially as we don't really have anything to secure the loan against other than business name/fixtures.
We've never run a business before, but hey no harm in investigating all avenues however unrealistic some may be
Feb 14th 2008, 4:34 am
#2
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Joined: Aug 2004
Location: Point Cook/Melbourne/VIC
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Re: Business Loans
Anyone?
Feb 14th 2008, 6:19 am
#3
Joined: Dec 2003
Location: Hillarys, Perth
Posts: 3,973
Re: Business Loans
I've just returned from my trip to oz and whilst we were in Port Douglas the sun, sea and beer got us thinking about other options available to us. We already have permanent residency visas (now stamped!!) but instead of doing the same job different location, we started to think about the possibility of a completely fresh start and maybe buying a business (we had consumed a lot of alcohol by this point and were passing estate agents with cafes etc.. for sale).
Most of the businesses did not include buildings so I was wondering how easy it is to get a business loan in Oz to help purchase a business (we'd only have around £40k to put to it), especially as we don't really have anything to secure the loan against other than business name/fixtures.
We've never run a business before, but hey no harm in investigating all avenues however unrealistic some may be
) but instead of doing the same job different location, we started to think about the possibility of a completely fresh start and maybe buying a business (we had consumed a lot of alcohol by this point and were passing estate agents with cafes etc.. for sale).Most of the businesses did not include buildings so I was wondering how easy it is to get a business loan in Oz to help purchase a business (we'd only have around £40k to put to it), especially as we don't really have anything to secure the loan against other than business name/fixtures.
We've never run a business before, but hey no harm in investigating all avenues however unrealistic some may be
Feb 14th 2008, 7:41 am
#4
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Joined: Aug 2004
Location: Point Cook/Melbourne/VIC
Posts: 321
Re: Business Loans
Was just wondering if it was possible to get a loan without having a house or business premises to secure the loan.
Feb 14th 2008, 11:08 am
#5
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Joined: Jun 2007
Location: Greenwith, Adelaide
Posts: 483
Re: Business Loans
Just been down this route, and it totally depends on each situation obviously!! Depending on the type of bsns you are looking to buy and its turnover etc etc, Australia is like every other part of the world, there is always someone out there that will lend you money, just depends how much you want to pay for it!!!
Feb 14th 2008, 11:54 am
#6
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Joined: Aug 2004
Location: Point Cook/Melbourne/VIC
Posts: 321
Re: Business Loans
Just been down this route, and it totally depends on each situation obviously!! Depending on the type of bsns you are looking to buy and its turnover etc etc, Australia is like every other part of the world, there is always someone out there that will lend you money, just depends how much you want to pay for it!!!
Maybe too much sun and beer got us thinking alittle crazy!
Would be nice to make a complete change of things as opposed to doing same I.T. job in a different country.
How did you go about getting info about the loans and did you run a business previously (presuming this may go against us some what).
