OP 14 May, 2020 - 06:47 PM
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?
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?