Business Loan

[imran10]

Hi guys,

I would like to ask you about the Business loan:
if i invest 50 % of mine 50 % by loan and do i have to payback to bank before my extension because we need to show 50k investment in three years or can i pay later after my extension.

Waiting for your reply.

[imran10]

Any Update??????

[Olasunkanmi]

@ imran10, as long as you are able to show the investment of 50k, you don't need to tell HO about your business loan as its your personal issue to deal with. If your bank allow you to pay back the loan for 10yrs then its not HO concern. Just show proof that you have invested 50k in your business and that you have also created 2 full-time workers and you should be fine.

[S.Danik]

people on enterprenure visa eligible to take loan from banks.

[imran10]

@ imran10, as long as you are able to show the investment of 50k, you don't need to tell HO about your business loan as its your personal issue to deal with. If your bank allow you to pay back the loan for 10yrs then its not HO concern. Just show proof that you have invested 50k in your business and that you have also created 2 full-time workers and you should be fine.

Thanks Olasunkanmi