Struggling Business

Discussion in 'Starting & Running a Business' started by holden, 23rd May, 2014.

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  1. holden

    holden New Member

    Joined:
    1st Jul, 2015
    Posts:
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    Location:
    Victoria
    I have a number of retail sites and would like some advise on how to raise funds when the banks are being difficult. I have 2 years on each of the leases and I dont think it as simple as closing down. The business has growth potennial and has been operating for over 20 years, but have been unable to secure captial. Any advise would be helpful.
     
    holden, 23rd May, 2014
    #1
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Location:
    Australia wide
    There are a few things you could possible do. But why do you want to raise capital?
     
    Terry_w, 24th May, 2014
    #2
  3. holden

    holden New Member

    Joined:
    1st Jul, 2015
    Posts:
    2
    Location:
    Victoria
    My thoughts are that I need to try and trade of the cumulating debts by raising funds and redirecting the business
     
    holden, 25th May, 2014
    #3
  4. jodie123

    jodie123 Active Member

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    1st Jul, 2015
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    Location:
    Brisbane, Qld
    Sounds like you've answered your own question.
     
    jodie123, 16th Jun, 2014
    #4