A
Anon
Guest
I'm not sure if this is in the right section but hoping someone can help me.
I am a Sole Trader with a small Company. It has slowed down in the past couple of months but I know the business is there so I am reluctant to shut the door. However, I am in the red now by a couple of grand (have an overdraft facility but nearly at my limit with this). There is still some business here but its slow. I know I am not working as well as I should be because the overdraft is always on my mind. So my question is, would it be possible for me to get a loan from the bank to clear the overdraft and pay the bank back on the loan on a monthly basis and I know I will be able to concentrate more and give the business more if I don’t have this overdraft hanging over me. Or is this a ridiculous thing to even think about. Will the bank just laugh at me?
I am a Sole Trader with a small Company. It has slowed down in the past couple of months but I know the business is there so I am reluctant to shut the door. However, I am in the red now by a couple of grand (have an overdraft facility but nearly at my limit with this). There is still some business here but its slow. I know I am not working as well as I should be because the overdraft is always on my mind. So my question is, would it be possible for me to get a loan from the bank to clear the overdraft and pay the bank back on the loan on a monthly basis and I know I will be able to concentrate more and give the business more if I don’t have this overdraft hanging over me. Or is this a ridiculous thing to even think about. Will the bank just laugh at me?
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