Recovery Loan Scheme Anyone??

[thecoops60]

Hi,

Has anyone enquired or gone down the route of the 70% government backed 'Recovery Loan Scheme' yet to purchase machinery or such like.?
I'm interested in growing my small plant hire business which means buying more machinery.

 

[V8Druid]

Hi,

Has anyone enquired or gone down the route of the 70% government backed 'Recovery Loan Scheme' yet to purchase machinery or such like.?
I'm interested in growing my small plant hire business which means buying more machinery.

what sort of rate are they offering ?

 

[sjs5060]

what sort of rate are they offering ?

One approached me, who I’d borrowed off years ago, they wanted 16.9%. obviously the conversation didn’t go much further

 

[thecoops60]

what sort of rate are they offering ?

Not sure, I was keen to know myself.!

 

[thecoops60]

One approached me, who I’d borrowed off years ago, they wanted 16.9%. obviously the conversation didn’t go much further

Who was the "lender" ?