- This topic has 4 replies, 1 voice, and was last updated 5 months, 3 weeks ago by Matthew B.
April 28, 2020 at 9:38 am #194781Mike Ruff, GW editorKeymaster
Garage business are to get access to 100 per cent taxpayer-backed loans after concerns were raise about slow access to existing coronavirus rescue sch
[See the full post at: Garages eligible for £50,000 ‘bounce back loans’ under new government scheme]April 28, 2020 at 12:35 pm #194805Lewis JonesGuest
Does the chancellor say what the interest will be when repayment is due, and who will set that rateApril 29, 2020 at 8:28 am #194807David DawsonGuest
Call me a cynic, but there is no mention of interest rate or other terms. i suspect it wont be any easier to access than a conventional business loanMay 1, 2020 at 2:05 pm #194983Rob WaycottGuest
It would be better if Mr Sunak made sure that everyone got the £10,000 or £25,000 grant first, and sorted out the discriminatory system currently applied, before offering loans, even interest free for a short period.
Because my workshop receives a separate rates bill from my forecourt, we are classed as having more than one site, even though it is all within one ring fence, (and is one business with one set of accounts), therefore we are prevented from applying for either grant.
At the same time, Tescos does get business rates relief, while also giving it’s shareholders a dividend.
I believe they have more than one site….?
Additionally, tescos has benefitted from a boost in trade, while MOT station’s customers have been actively encouraged to stay away. Our trade bodies need to take some action…..May 7, 2020 at 11:53 am #195263Matthew BGuest
I got my loan and it was so easy to do. I applied on the 4 May and I received it into my bank the very next day. 0% interest for twelve months, no repayments for 12 months then only 2.5% interest for 5 years