Recession bites

[Toaster]

Bugger. Oh well, you were lucky to HAVE your own house while running a small business - mostly banks won't touch property finance for someone with a small business.

Bollocks. Property security is almost about the only way small business can be funded - as small businesses usually don't have the kind of cashflow position needed to do cashflow lending more commonly found in larger commercial and corporate banking.

The equation is simple, security lending against property has to be within certain ratios... almost always found in the equity of the property or properties used as security to support lending to the business.

Speculative lending and property development lending is a whole different ballgame.

[Geeen]

You got to watch those pesky dredges. Now we are here an update would be interesting.

I got some alcomahol from him for the wife on Friday.......If that helps

[slofox]

Slowfox - Bro you still in the shop I need to stock up on some piss now that i gotz a job auw. Looking to stock the bottom shelf of the wine rack for some "keepers"

I'm not sure if you have what I'm after but good to buy from a good cnut if i can.

If so, 1) do you have an internets site, and b) can you ship to arsebiscuitland?


Chur

Shop's still going and I do have a coupla wines worth keeping...

website is

www.hillcrestfinewines.co.nz

There's probably not a lot to help you on the website though - it's pretty generalised. Phone or email is best.

I can ship anywhere in NZ. Freight extra though...cost varies with location and weight.



With regards to the original theme of this thread, I have managed to sell my house after fifteen months on the market and am lining up a smaller cheaper place to buy. This has reduced the outgoings to more manageable levels and I haven't had to sell The Vixen...yet.

The financial year just completed was not the worst ever - second worst ever. So I suppose that's positive...kinda.

Have also reduced certain other expenses. Also looking at maybe doing some other work in the mornings and reducing the hours in the shop by two per day. We'll see what comes of that.