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What should I do if I need to borrow more money?

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  • Videojug
  • 2:33
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  • 900kbps

What should I do if I need to borrow more money?

David Weller (Co -author Teach Yourself: Setting Up A Small Business) gives expert video advice on: Will i be expected to pay the money back in one lump sum?; How much interest will I be expected to pay?; What can I do if I can't make a repayment? and more...

If you want to borrow money your first thought might well be to go to your existing lender. But it could be worthwhile looking around for another lender. But, well you know what I'm going to say. Don't do anything without talking to your accountant. However, this situation is not likely to arise until you've been going for a while.

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