When looking at fast business loans to get your company out of trouble then be very careful. It will take a great leap of faith to believe that the decision will be for the best.
Taking out fast business loans when the company cash flow is either tight or even horrendously awful may just be the start of the build up of personal debt. It is a given that taking out fast business loans will require punitive personal guarantees – so look for other methods that will achieve better results.
A Company Voluntary Arrangement may just well be the answer. If your creditors amount up to over £20,000 then you could put together a Company Voluntary Arrangement that allows repayment out of future trading profits. Isn’t that better than saddling your company with more debt?
Call TaxGone on 01302 815846 and compare your options.