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terry mccann
02 Apr 20 10:27
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Date Joined: 26 Jan 05
| Topic/replies: 14,860 | Blogger: terry mccann's blog
The Treasury insisted on Wednesday that "hundred" of loans had been issued.
"Hundreds of these loans have gone out.Different banks work in different ways,but cash has very much gone out of the door" a spokesman said.
But lenders have come under heavy criticism amid claims of unfair lending tactics with some demanding personal guarantees from business owners and others seeking to apply high interest rates once the interest rate-free initial period ends.

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Replies: 7
By:
terry mccann
When: 02 Apr 20 10:34
Think Greece when the EU came a calling and when they couldn't pay back the loan plus interest the EU took away everything worth having.
Now put yourself in the place if you were thinking of getting a loan.If you cant pay them back they will take everything.
By:
InsiderTrader
When: 02 Apr 20 10:36
Why would someone take a loan risking all their other assets to keep their business going that might not be able to be restarted for months or even a year?
By:
terry mccann
When: 02 Apr 20 10:37
"We are in this together"Laugh Yes I can see that.
By:
leif
When: 02 Apr 20 10:43
Still firmly believe this era is a further transference of wealth.

Failed Businesses will be picked up for pennies.
By:
leif
When: 02 Apr 20 10:44
*Transfer
By:
terry mccann
When: 02 Apr 20 10:45
Banksters win again,well would you adam and eve it.
By:
GAZO
When: 02 Apr 20 10:53
well the chancellor has look after his own
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