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I’m looking to expand my business, is it possible to get a business loan based on future business income?

Thursday, August 20, 2015

Yes, if you have property to secure the loan it can be possible with some lenders to arrange a loan based on the income that will come from your business expansion. For example, if you already have a retail shop and want to open a second retails shop the bank may take into account the potential income form both shops.

Please contact Sally Whitworth, one of our credit advisers, for more information. Got your own question? Ask us now!