Page 1 of 1

Can I take out a Business Loan whilst in IVA?

Posted: Sun Sep 19, 2021 3:46 pm
by nacine
could I take out a business loan to buy a Village Pub and restaurant business?

I need £200,000.00 and started my IVA in February 2021

This is a very good opportunity and has living quarters too so I could live there.

This has staff and chef in place Ready to Manage.

All I need is the Loan Over 10 years at a good rate.

Can I Do this and were do I go to get the loan

Re: <t>Can I take out a Business Loan whilst in IVA?</t>

Posted: Sun Sep 19, 2021 4:36 pm
by kallis3
You will not be able to do this, you would also need the permission of your IP which is unlikely to be forthcoming for that amount of money.

Re: <t>Can I take out a Business Loan whilst in IVA?</t>

Posted: Sun Sep 19, 2021 4:38 pm
by Foggy
You are insolvent -- you will not be able to get a loan from any reputable source.