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. -- [email protected] https://lists.ubuntu.com/mailman/listinfo/ubuntu-uk https://wiki.ubuntu.com/UKTeam/
