Banks that offer loans to offshore companies

[mnschwarz]

Just wondering if there's any banks that offer loans with reasonable terms to offshore companies? The banks I currently use or have approached have all said a flat no to offshore companies. Cheers.

 

[negon]

I can imagine it's going to be complicated I don't believe there is any bank that will offer unsecured loans!

 

[mnschwarz]

I can imagine it's going to be complicated I don't believe there is any bank that will offer unsecured loans!

What about secured loans? Against new purchases (such as land or property) or against currently owned assets.

 

[negon]

That may be possible.. but I think... like you may already know from your local banks this is very complicated and you will need to do lot's of personal meetings with the bank. But if all of this is not a problem the Cyprus banks can do or what do you say @Admin ?

 

[JohnLocke]

this is not a problem the Cyprus banks can do or what do you say @Admin ?

It has been seen that they want to work with this, but it requires you visit them in Cyprus.

 

[mnschwarz]

Cheers! Will give them a call and see if it's worth dropping by.

 

[JohnLocke]

Sorry you can't call them unless you are a customer already there

 

[suzy]

It's not easy to get loans anywhere unless you have a track record with the bank and securities. I doubt it's possible even with banks in Cyprus!

 

[mnschwarz]

I don't mind if I have to create a history with a bank before they give a loan. Just haven't found any that offer it at all except:

Got in touch with the bank of Cyprus and they said they will give loans but only if cash or land in Cyprus is held by them as security. So kinda pointless. If I had the cash I wouldn't want the loan hah.

 

[suzy]

yeah why would somone with cash take a loan