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Expanding our Accommodation, Group Booking Village in Tough Economic Times.

Thursday, February 26th, 2009

Trying to finance a expansion project here at Redgum Village in Dandaragan is proving to be a interesting experience.

Banks want so little risk that they are shying away from what we need to do, for they struggle to see guaranteed business income in these uncertain times.

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Sure I can see where they are coming from but we have a great business here and we need to get it up to the next level, and that involves borrowing money.

We could look at selling a share of our business to get a cash injection, thats a possibility, with obviouse pros and cons.

We could approach less secure type financers that command extreme interest rates, which has its pros and cons too.

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