Hi folks,
I am interested to know what the attitude of lending institutions would be to my situation. Just left high paying job, to set up a co with a couple of investors. I'm running the co, they are equity holders, and one of them has an extremely good track record in starting businesses (and deep pockets). I am drawing same net salary as before. I don't expect the co to generate revenue until the middle of the year.
Would a lending institution even look at my application before I have 12 months revenue behind me? I have a perfect credit history, and a good business background etc, wife has a good job, and we own 2 irish properties (including home).
I can be PM'd if further details required, but was interested in what some you thought about this first as we would like to trade up during the year if possible
I am interested to know what the attitude of lending institutions would be to my situation. Just left high paying job, to set up a co with a couple of investors. I'm running the co, they are equity holders, and one of them has an extremely good track record in starting businesses (and deep pockets). I am drawing same net salary as before. I don't expect the co to generate revenue until the middle of the year.
Would a lending institution even look at my application before I have 12 months revenue behind me? I have a perfect credit history, and a good business background etc, wife has a good job, and we own 2 irish properties (including home).
I can be PM'd if further details required, but was interested in what some you thought about this first as we would like to trade up during the year if possible