Funding for New Startups

[newbiejulie]

Hello!

My partner & I are hoping to set up a Holiday Cottage/Camping/Caravan business.

We will need to secure funding to purchase the property and business initially, and we really don't know what our options are as a new startup business. Or the best approach to take.

We also have no idea what of the rates/LTV/funding that might be offered to us and what the rates/LTV will be based on, so we can look in the right pricing area / ball park figure.

We currently have £20K deposit stored ready.

Can anyone advise a ball park figure/LTV that may be offered in our situation? and who would be best to contact for further advise. :|

Many Thanks

[OldWelshGuy]

welcome to the forum. I would say you need a lot of help and advice on this one. the funding and grants/loans etc available vary greatly depending on your location. Lots of money in certain parts of Wales for instance.

So where are you looking to set up, and have you spoken to anyone?

[newbiejulie]

welcome to the forum. I would say you need a lot of help and advice on this one. the funding and grants/loans etc available vary greatly depending on your location. Lots of money in certain parts of Wales for instance.

So where are you looking to set up, and have you spoken to anyone?


Thank you OWG, :redface:
Definately in need of guidance/advice on this one.
We have spoken to business link who have given us a few websites - so now looking at the next step, and well... more advice.

Locationwise we have a lot of options out there but until we know 'what we're worth' to lenders its difficult to pinpoint anywhere without a budget in mind.

For the facilities we want to offer we need property with good land and Wales certainly has that in abundance.
:)

Just want to get ideas and outlines before we jump in and organise meetings with banks/brokers.

Thank you

[truesilver]

Hi

This is something we help a lot with, but I'd need more info about you and the company. If you PM me some more details I can also do a quick evaluation of what might be available and go from there?

Sounds like a great idea though.

L

[newbiejulie]

Hi

This is something we help a lot with, but I'd need more info about you and the company. If you PM me some more details I can also do a quick evaluation of what might be available and go from there?

Sounds like a great idea though.

L


I have sent a PM now.
Thank you :redface:

[truesilver]

Thanks Julie. I have replied :)

Leigh