modular finance
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Join Date: Mar 2004
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modular finance
Hi
Has anyone got advice on obtaining finance (loan) for the modular route? I’ve got 10,000 of my own cash but I obviously need to fill a large hole with some £££! Given my present hours (97) I reckon on another 40-45k to finish things off, meaning I need ~35k from a bank.
I’ve got an appointment with HSBC and the olds are willing to guarantee the loan (bless ‘em) which I hope will help?
Cheers
Has anyone got advice on obtaining finance (loan) for the modular route? I’ve got 10,000 of my own cash but I obviously need to fill a large hole with some £££! Given my present hours (97) I reckon on another 40-45k to finish things off, meaning I need ~35k from a bank.
I’ve got an appointment with HSBC and the olds are willing to guarantee the loan (bless ‘em) which I hope will help?
Cheers
Join Date: Jun 2002
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I would say 30Kish to finish off if you already have that amount of hours and your PPL?
No doubt this will cause a debate but I cannot see a 45K requirement?
Also, if you have these already and 10K extra to put towards, with a good business plan I cannot see why the bank would not lend you the funds?
Good luck
YYZ
No doubt this will cause a debate but I cannot see a 45K requirement?
Also, if you have these already and 10K extra to put towards, with a good business plan I cannot see why the bank would not lend you the funds?
Good luck
YYZ
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HSBC support/provide/can help with Career Development Loans. Do a search on them (google is as good as anything). I can't remember the maximum they'll loan you but all interest is paid by the government until you've finished your training.
Join Date: Mar 2004
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i think the career developemtns loan is a max. of 8,000. Ive looked that the pro studies loan from them. Unless you need a significant payment holiday, id suggest looking at an orinary bank loan,