Predicament with Financing my idea!

i don't know if anyone can advise me on this but i will give it a shot ...i would like to set up a small business in the form of a shop which i will need £25,000 for. I have recently sold a flat which has left me with £200,000 in cash which i would like to re-invest in another flat so that i can live in it and rent the spare room out, but i also need to fund the money for my business.

If i don't spend pretty much all that amount on the flat it will be unlikely that i will be able to buy the two bedroom in the area that i need, more like a one bed.. and it will mean that i "downsize" considerably leading me to take a step back on the property ladder, and live in an area that i don't want to. This concerns me.

But if i do spend all the money on a flat, what is the best way of funding the cash for my business?
Is it best NOT to borrow on the strengh of your property or borrow in any form because of the interest rates -

basically what is the best financial decision i can make here to fund my new business?

Thank you

Share

Close

• Social Web
• Link Codes

Delicious Digg Facebook Google Yahoo Technorati

Direct Url