I'm feeling very jittery - I have taken out loans for an enormous amount.....

[Katymac]

I know it will all be OK - but by the time the nursery opens I will owe about £14K in loan repayments

I feel very scared & I am having second thoughts.........

If you've done all your figures right, you should be fine. But I know how you feel - 6 years ago, dh and I sold our house and sank all our money into a business, and were living in a caravan. The first year was terrifying, but we are doing fine now

That's a big if isn't it

What if I've done it wrong?

What if I'm a prat?

I'm borrowing 110K - the 14K is just the repayments

Thanks for you kind thoughts - I guess I am having a wobble

Put it in context - you've borrowed a large amount of money, but it's for a business which should make sufficient money to service the loan. But I understand your concerns, it is very scary being at the mercy of the bank. Have you filled the places in your nursery?

What if I've done it wrong?
What if I'm a prat?

if it goes wrong then you will be a hard up prat - but that isn't going to happen is it ?

Well done for sticking with it - it must feel good to be nearly there now.

Roskva - it isn't built yet

I won't be able to start recruiting children until Sept/Oct time as we should open in Jan 08 (I hope)

throckenholt - Yes I will be a hard up prat (prob without a house )