mikeroyal
Mar 28th, 2006, 05:37 PM
Business Margate / Loan
Hi opinions and ideas wanted
I am a newly arrived immigrant from the UK now living in the Okanagan BC I have brought a House Margate free aprox value $700k. I am now seeking financing for a business purchase Around the $350k mark plus probably $50k for improvements cash flow etc I Have $200k cash so there fore will probably require a loan of about $200k.
What’s the best way to go about this, as I have no credit history in Canada although managed to get AMEX to issue a card taking in to account my UK history. So a business loan or mortgage or are the % rates on these a lot more than maybe raising a small mortgage on the house as I have no job at time of application will this cause problems.
Thanks in advance for any advice given by the way Greet Forum Country and People :)
Hi opinions and ideas wanted
I am a newly arrived immigrant from the UK now living in the Okanagan BC I have brought a House Margate free aprox value $700k. I am now seeking financing for a business purchase Around the $350k mark plus probably $50k for improvements cash flow etc I Have $200k cash so there fore will probably require a loan of about $200k.
What’s the best way to go about this, as I have no credit history in Canada although managed to get AMEX to issue a card taking in to account my UK history. So a business loan or mortgage or are the % rates on these a lot more than maybe raising a small mortgage on the house as I have no job at time of application will this cause problems.
Thanks in advance for any advice given by the way Greet Forum Country and People :)