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NEW GOVERMENT SCHEME - BOUNCE BACK LOAN [INFO REQUIRED

by alaskanmalamute - 8 months ago
This post is by a banned member (alaskanmalamute) - Unhide
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I was wondering if anyone here is familiar with the all new scheme for Businesses backed by the Government.

Its called the 'bounce back loan' 

2k - 50k loan for businesses

Pay nothing in the first 12 months

After that its only 2.5% interest rate.

Ive come across people offering to do this loan for their businesses, for a guarantee 50k and then NOT pay the money back by dissolving the company.

Is anyone here familiar with this method of dissolving a business / avoid paying back the repayments of this loan?
This post is by a banned member (qinkin) - Unhide
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#2
No, they will get their money. trust me.
This post is by a banned member (sureshlov8) - Unhide
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#3
hahahaha... they are going to find you and get their money with interest on it
This post is by a banned member (DefactOG) - Unhide
This post is by a banned member (UndergroundLogic) - Unhide
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#5
So me and my partner have this, if you have it you need to be wary, any money taken out of the business account, you will have to pay 25% of that to the goverment.

Unless you have an interesting accountant this is not a good idea.
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This post is by a banned member (Jayrell) - Unhide
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Wow that is a interesting concept
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Ububu

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