To take a loan or wait?

[BartJr]

Hi all,

I'm seeking an advice on my current situation.

I'm looking to expand my small enterprise (refurbishment of electrical goods), and for that I will need a loan. Already got a plan drafted what I will spend money on etc. but current political situation and Brexit makes me a bit concerned whether it will be a wise move to start doing it now, or just wait until it settles down.

What do you think?

I would also like to add that majority of goods I acquire comes from the Germany & USA.

Thanks,
Bart

 

[tony84]

2 years for brexit, a year to see how it pans out...how long do you wait?

 

[GreenwayAccountancy]

It all depends whether you have incoming orders. In my opinion if your business is progressing no point of waiting, obviously the loan should be for new equipment that will either increase your productivity, or help you cut costs, if now why would you take it.

 

[Mitch3473]

I've seen what you did there, very good.