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Topic History of: Money...for old rope...
Max. showing the last 5 posts - (Last post first)

Author	Message
Barney	100,000 applications on the first day Many can't avoid looking a gift horse in the mouth Free money - without risk No questions asked....
Barney	Coronavirus Business Interuption Loan Scheme (CBILS) - this facility is called Very generous - £50k unsecured, interest free with no viability criteria However - the fine print and conditions - would require Einstein QC to decipher
Barney	Barney wrote: Providing thousands of pounds to micro-businesses is ground breaking; as there will be little time for analysis of the claimants. Usually - when a bank considers lending - due diligence is undertaken, to assess risk and repayment ability. However - the £25k appears to constitute a quasi grant, for the smallest of business entities - many of which are just not viable. This Small Firm loan scheme will be available from Monday to businesses - on an unsecured and interest free basis. And without the need for a viability study. Only a 'simple form' has to be completed - with some fraud checks. £50,000 is now readily available, at banks, to - pubs, shops, restaurants, building firms etc. - to get them over the crisis. Undoubtedly the most generous credit ever made available to anyone - anywhere. Showing, as I said before, just how seriously the government is viewing things. Money is simply no object...
wyot	Similarly Hedda I am already sick of the TV ads now being all about bloody Corona and trying to make a buck by promoting themselves against a load of sentimental tosh. An ad I saw last night 5 times would have you believe Natwest are a branch of social services....
hedda	So many taking advantage of the virus: all the telcos and on-line services like Ebay etc have laid people off but it's ludicrous as (I'm sure it's same in UK & EU) entities like on-line sellers are booming and telcos must be pulling in millions in new fees.