I am wanting to buy a business, and was wondering what my options were in regards to getting finance for it.
If any brokers could give me an idea that would be great. If not, thanks anyway!
My scenario is:
PPOR in Chelsea Heights valued at approx 290k-300k (my estimation)
Loan on PPOR is 230k, with National Australia Bank.
I would like access to about 40k. I don't have a particular business in mind, but I figure 40k is a good starting point.
Am currently not working, so don't think that I would be able to apply for a traditional line of credit with NAB, because of serviceability? Not sure.
Thanks for your time!
If any brokers could give me an idea that would be great. If not, thanks anyway!
My scenario is:
PPOR in Chelsea Heights valued at approx 290k-300k (my estimation)
Loan on PPOR is 230k, with National Australia Bank.
I would like access to about 40k. I don't have a particular business in mind, but I figure 40k is a good starting point.
Am currently not working, so don't think that I would be able to apply for a traditional line of credit with NAB, because of serviceability? Not sure.
Thanks for your time!