blender
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Post by blender on Sept 24, 2015 14:22:16 GMT
Looking at the SME loans, the titles have become meaningless and boring, with none of the puns we used to enjoy so much - eggspansion I recall. So many seem to be 'Expansion and Growth', just distinguished by the loan number. Never just expansion, never just growth. What is the difference between expansion and growth? In the human context it might be the difference between fatter and taller, but for a business both expansion and growth are good, it seems, and indistinguishable, inseparable. Looking at the pitches - I appreciated 'we wish to expand into hot tubs' which conjured a dubious mental image - generally there seems to be little difference except that expansion might sometimes mean diversification. If so please say diversification for a change. Some applicants are doing neither expansion nor growth, though many seem to need working capital which of course implies growth or you would not need it. Some are updating machinery, one has been kicked out of his premises and needs a bit more cash. One wishes to do 'aggressive marketing', which is more suited to charities nowadays. It's all 'expansion and growth'. What's the point of these titles? I don't think Autobid takes much notice of the titles. I suppose if they just had numbers another shed load of investor-lenders would leave.
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SteveT
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Post by SteveT on Sept 24, 2015 14:25:21 GMT
I tend to assume "Expansion and Growth" is a commercial euphemism for "Paying off our most litigious creditors"
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blender
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Post by blender on Sept 24, 2015 15:55:57 GMT
OK the latest E is just 'Growth Loan'. It's good to have influence - so I bought some. No RBR please.
Edit: and they have followed that with just an 'Expansion Loan'.
Most amusing. Out of the 42 we now have 17 expansion and growth, two expansion and one growth plus a load of property. Why not just call them business loans?
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fasty
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Post by fasty on Sept 24, 2015 17:34:26 GMT
Expansion And Growth Loan "E" Take care with the E.A.G.L.E. Could look impressive but poop on you from a great height.
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