[quote name='Eight' post='382645' date='Jan 16 2009, 05:11 PM']I would assume so too. But running one successful business gives you bonus points with the bank. A spot-on business plan and watertight research is probably also essential right now. Maybe, as you said, he would need to personally guarantee the loan - thats between him and the bank to decide.
I don't know if the banks would even consider a music shop at all at the moment - maybe too much competition for them to feel comfortable. And I'm not saying getting money is easy, far far from it. But there is money out there - for the right people. Unfortunately I'm not one of them. All I'm saying is that if you're someone who can get it, now might be a decent time as property is cheaper and interest rates are lower.[/quote]
Especially if it's the Bank of Scotland...... (I can hear ex Sound control staff whincing...)