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Question on borrowing against business assets

beeintheknow · 2011-06-15 13:07:39

Hi gents, Long time reader, first time poster. I've run in to some financial difficulty of late and I need a few quid short term. The thing is, my business is leveraged to the hilt and I can't get my hands on any liquidity. We all know how the banks are these days, but this would be a very temporary thing. My girlfriend is…

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15-06-2011 2:07pm

#1

beeintheknow

Registered Users Posts: 220 ✭✭

Join Date: June 2011

Posts: 215

Hi gents,

Long time reader, first time poster.

I've run in to some financial difficulty of late and I need a few quid short term. The thing is, my business is leveraged to the hilt and I can't get my hands on any liquidity. We all know how the banks are these days, but this would be a very temporary thing.

My girlfriend is a hairdresser and owns the premises she works from. I know that there is no mortgage on the property and her business has no borrowings (inherited). Could I get a short term loan out putting up her business as security without her finding out?

cheers

Bee

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#2 16-06-2011 10:56am
wyndham

Registered Users Posts: 2,284 ✭✭✭

Join Date: December 2005

Posts: 2227

No. And you shouldn't be running a business if you are asking a question like that.

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