I'm not looking for a loan, I need to be able to process credit cards, if you go to a computer fair do you go with £500 in your pocket to buy a pc with? Or do you take your card? To get the card processing I need a business account.
No overdraft No loan No risk I still have to fight to get it. But I'm having to fight because I'm selling computers. It's madness! On Fri, Nov 18, 2011 at 11:40 PM, Grant Sewell <dcg...@thymox.co.uk> wrote: > On Fri, 18 Nov 2011 23:32:50 +0000 > Gareth France wrote: > > > Recently I decided to do my part by starting up a small business > > selling machines with Ubuntu pre-installed and offering support. My > > bank have refused to offer me a business account at all 'because it's > > too risky to open an account for a company selling computers', > > apparently there's a high risk I will commit carousel fraud (whatever > > that is). Another bank are getting iffy about it because I'm involved > > in software (installing Ubuntu), I did attempt to explain that any > > company selling hardware is just as involved with software as I. > > > > Is it just me or does the British economy not want small businesses to > > succeed? > > Not long ago I spoke with a business banking advisor who said that even > the most reasonably likely to succeed start-ups are unlikely to get > better deals than 24% APR on a 50:50 loan - you put in £10k and they'll > put in £10k with a nice bonus of 24% APR interest to them. He said > that I would be better off going to my existing banking provider and > getting a general purpose loan for "buying a bigger family car" (with a > wink and a smile) as the APR would most likely be lower and I wouldn't > have to contribute anything to the initial pot. > > Daft! > > Grant. > > -- > ubuntu-uk@lists.ubuntu.com > https://lists.ubuntu.com/mailman/listinfo/ubuntu-uk > https://wiki.ubuntu.com/UKTeam/ >
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