would I be able to take out a small business loan

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iain.s

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Post by iain.s » Wed Oct 31, 2007 4:29 pm
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HI, If I decide to go for an IVA which my financial mangement company have advised, would I still be able to take out a small business loan from a bank or like to start up my own business?
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MelanieGiles

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Post by MelanieGiles » Wed Oct 31, 2007 5:20 pm
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You are unlikely to be permitted to take out a small business loan for this, but at the end of the day this will be at the dicretion of your IP and the prospective lender.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp
Regards, Melanie Giles, Insolvency Practitioner
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ray_a

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Post by ray_a » Thu Nov 01, 2007 10:11 pm
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I am afraid there is no way that you can have finance unless agreed by your creditors.

I would have thought that you would look at other ways of running a business without going into debt.

Sorry if I am harsh but this site is full of so many sad stories of how debt has ruined our lives!
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Oliver

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Post by Oliver » Fri Nov 02, 2007 12:40 pm
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It is possible, but I feel that it is unlikely that your IP would allow this. Moreover, it could also be very difficult to find someone willing to give you a business loan whilst in an IVA.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp
Best Regards
Oliver
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