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Start Up Loans

  • 17-09-2009 11:41am
    #1
    This
    Closed Accounts Posts: 191 ✭✭


    I am looking for a small start up loan, max 5000 and was wondering if anyone had any suggestions where the best place to go would be?

    I have been rejected from tsb/ulster bank/aib due to my age(!) and lack of consistent income recently

    thanks


Comments

  • #2
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    What is your age ?


  • #3
    Bandara
    Registered Users, Registered Users 2 Posts: 3,282 ✭✭✭Bandara


    tbh if your've been rejected 3 times already its unlikely anyone will give you a loan basd on your current criteria

    You have two options really, a credit union 'carloan' ;)

    or you can ask your parents etc to go and guarantee the loan with you. its a small amount, the bank should be happy if they have someone reputable backing the loan with you, it removes their risk

    good luck


  • #4
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    Or credit cards. (assuming you are over 18)

    Just be smart with it.


  • #5
    Atlas_IRL
    Registered Users, Registered Users 2 Posts: 1,857 ✭✭✭Atlas_IRL


    Deleted User wrote: »
    Or credit cards. (assuming you are over 18)

    Just be smart with it.

    Not everyone is James Caan, unless i fully believed i could pay it off without owing much i would never go down this route.


  • #6
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    Atlas_IRL wrote: »
    Not everyone is James Caan, unless i fully believed i could pay it off without owing much i would never go down this route.

    Well, Obviously.

    Why would anyone do it if they didn't believe they could pay it off?


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  • #7
    professore
    Closed Accounts Posts: 5,857 ✭✭✭professore


    Atlas_IRL wrote: »
    Not everyone is James Caan, unless i fully believed i could pay it off without owing much i would never go down this route.

    It's obvious you'll never be an entrepreneur.

    OP, If you're living at home surely you could get a job of some sort to pay it off, or better still, save it up. It's not a lot of money for a young person with no debts, mortgage or family to support, I used to earn that in a summer back in the early 90's in recession Ireland.


  • #8
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    That's my point...

    It's only 5K.


  • #9
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    This wrote: »
    I am looking for a small start up loan, max 5000 ......

    I have been rejected from tsb/ulster bank/aib due to my age(!) and lack of consistent income recently

    thanks

    This is the problem. Getting a credit card is a no goer. He simply won't get one. TBH he could find it hard to get a credit union loan too.

    As Hammertime said, someone guarenteeing the loan might work. However, it really depends what the loan is for... I mean did you even go to the bank with some sort of business plan? IMO 5k wouldn't get you very far with a business start up TBH.


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