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  1. Terry_w

    Business Loan to fund home loan deposit?

    Would you be getting a financial advantage by deception?
  2. Terry_w

    Business Loan to fund home loan deposit?

    Yes, prob correct. No, trust law issues I was talking about - powers of trustees etc
  3. Terry_w

    Business Loan to fund home loan deposit?

    If you could borrow the deposit then yes it could be acceptable. A lender will want to see funds to complete. They will also assess you on the new loans - assuming you have guaranteed it or borrowed it. You also have to consider the trust law issues..
  4. Terry_w

    Business Loan to fund home loan deposit?

    Generally commercial lenders won't lend on goodwill as it is not tangible. It can vanish overnight. If you are operating a major franchise it may be possible (possible to borrow to buy, not sure about once owned) But there are some ways to borrow such as factoring invoices - getting paid up...
  5. Terry_w

    Business Loan to fund home loan deposit?

    The wording of your post shows you don't understand the concept of 'business'. A business is not a legal entity, it is what a legal entity does. As such a business cannot borrow. A lender can only lend to legal persons which are only people or companies. If you are running a business you may...
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