Post by oldgrumpy on Dec 13, 2014 11:56:19 GMT
Although it has been brought up and confirmed by AC as OK on the Q & A, I find it interesting that the company raised £75K on the Fishy Crisps auction on 17 November to repace a previous loan, and accepted/drew down the cash on day one, almost as soon as the loan was fully funded, at 13.8%, when "A" rated companies waiting the full week for that size auction could have expected <10%.
The broker says, "expectation is that this will not really be required but the borrower is being prudent." Drawn on same day? Mmmm!
(They do have a good payment record so far)
The broker says, "expectation is that this will not really be required but the borrower is being prudent." Drawn on same day? Mmmm!
(They do have a good payment record so far)