Yet another finance option for the nursery has said no

[Katymac]

This thinks it's a great idea & will make money

But the rules of the bank says I can't borrow the money

Very sad and upset - but I'll pick myself up tomorrow and start again (I hope)

Still feeling quite down about this

OK - it took me a bit longer to get over this than I expected

But I have some irons in the fire atm

1. Someone wants to invest - but they want too much equity

2. Loan applied for - but interest rate is too high

3. Discussing the Small Firm Loan Guarantee Scheme with the bank

4. Discussing a smaller laon at a better interest rate with NWES

5. Made appointment with Business Link to rediscuss finance

So I am not sitting on my laurels waiting for stuff to come at me

Any more ideas?

can you raise funds by remortgaging?

Unfortunatley not I owe about 93 on 160 mortgage plus the bank is taking a charge on my house for a portion of the loan I have (another 28)

Which is apparently the most I can owe on my house (which I think is a load of crap as you can get 100% mortgages)

Can you cut any of your costs instead of raisng the money?

Working on it atm - but it means sacraficeing the green stuff

Budget for build is 140, would like 20 contingency - leave 20 to open & service debt, pay wages until we break even

The build has come down from about 200 & I am struggling to get it any lower

Sue - see here (I am negociating atm)

I don't know that it's a bad thing

If the investor 'sees' that I want to be polite but that I am savvey enough to ask for help is that a bad thing?

I'll have a google & a think later - thanks for pointing it out

Only about 3 on each name

nursery@

childcare@

childminding@

& of all the threads I come up with they really aren't the worst

WC only comes up with my website

I "know" I am identifiable on MN - so really controvesal/sensative stuff I use an alternative name (iyswim) so my MN posts are already public

Thanks for the 'heads-up' but I think I'll leave it