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haha I was hoping you'd say yes it was easy ! Is Westpac any good for this?

No thats perfectly fine, blunt is good ! I'd rather be aware of this now and understand why it can/cant work. Thanks for your feedback. I was just confused as I thought the loan would require 20% of the tangible asset's worth instead of 80%. I was aware that business loans accept cash as...

I have heard about this method, seems like the best option so far :) Lot more simple, and I like the fact that you can release the term deposit once the business portion is paid off. Do all banks do this?

It was only recently purchased so there is not much equity. Can I utilise whatever equity I have on the property and use cash to fund the rest of the deposit for the business loan? I don't understand how much security we need to fund this loan.. For example, if we were to go ahead with a $100K...

Thankyou for your response. 1. It will be a start up business. 2. Ideally we would both like to work in the business but I am not sure how this will work in the initial stages. One of us will have to remain working PAYG to afford the business repayments (unless there is another way) 3. I am...

Hello Brokers, My partner and I are considering opening a small lunch bar/food business in the metro area. What would we need to do to get a business loan? We don't have exact figures yet as we are still researching. These are my main questions: How much % of equity will be required on...