I own my own house and car outright and need $15000 to set up a new business. How can I borrow $15000 to get started?

Hi Kevin,

$15,000 is a bit low for a mortgage from most banks so your best option would be a personal loan that is secured by your car to get a slightly better rate.

You will need to meet the lending critera (e.g. have some sort of income currently and have good credit history) to be able to get a personal loan.

If you require some additional help or advice in this area feel free to contact me directly.

Regards
Nathan Osinski
Osinski Finance

Hi Kevin,
You can borrow $15,000 for a mortgage if you wish to. There are a number of lenders who start at $10,000. You could borrow over 3 years of you wanted to make sure that you paid the loan off quickly or stretch the term out to reduce the repayments.
I would recommend that you sit with your accountant and do a very thorough cash flow projection and ensure that you don't have to go back to the bank once you are in your business.
Best of luck
Scott

Yes and you have a few different options, being a home loan, a personal loan or a business loan. Call me for a confidential chat about different scenarios. I can also help with getting the loan application Approved!