Learn how much you can borrow

Using the banks to get the financial disipline is important. Leverage the conversation with them instead of crying.

Goal

• How much you can borrow ?

• What can you do to fix the finances ?

• What are the gaps ?

**Sample Email **

Thanks for the fast response. I understand that it is important to pay HMRC and share the necessary documents. In addition to these actions, I have taken some steps to support my finances in the meantime. Firstly, I injected £7.5k into my personal accounts from the car sales, and I am currently waiting for Santander to close the BACS which may take up to 3 days. Secondly, I lowered my personal costs by £8k due to the removal of the PCP. This has allowed me to have more financial flexibility and allocate funds to other areas of need. Thirdly, I signed two contracts in different areas, one in teaching in the USA and one in Medicare in Switzerland. These contracts will provide a stable income and further support my financial situation. Lastly, I have applied for ILR (indefinite leave to remain in the UK), which will provide more stability and security in my current situation and help to land security-cleared roles in the UK with the ones that are involved in IR35 regulations.

I want to thank you for your guidance on my finances, and I hope to continue to improve my financial situation in the future. From an affordability standpoint, what would be the maximum/minimum amount of business loan I would be able to get?

Best regards,

Erdem

Imported from rifaterdemsahin.com · 2023