well this thread has been idle for quite some time and i do not want to start a new thread which is of similar nature. this is my question:

currently my brother (who is running a forwarding agency) is looking to acquiring a haulage company and is in need of pretty large amount of capital to do this. he is banking with HL Bank and he went to talk to them about getting a business loan for this purpose. apparently, it's pretty difficult to getting this sort of loan now especially with the tightening of lending by most banking institutions if not all. another thing is most of the banks would want to have some sort of collateral (property is the most preferred one la) in order to make it easier to apply. the thing is the property that we have is now under re-mortgage so i don't think it's an option unless we fully settle the re-mortgage now.

is there anyone here who's from the banking industry who's very familiar with this topic? what other facilities are available in the market for this loan purpose? mind to share the process and documentation required if there's any.

thanks a lot for sharing