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But - as I said above - would you not be effectively borrowing this money to pay yourself a wage from a struggling business in which case the lender will presumably be wary of advancing a loan on that basis? And you would be putting your home at risk of your business failing which, from what you have posted so far, sounds like a realistic possibility.I felt releasing 50K would not be a problem.
...What I would like to do is get, say E50000 from the value of my house, keep this to live on and let the company operate without this overhead. This would give my about a year to sort out all my problems. I dont want a loan as this would defeat the whole purpose. ...
it is a loan to the business so it doesn't have to pay the salary, but not directly loaned to the business.Maybe I missing something, but is this not a loan?
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