justme
Member of DD Central
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38559
Jun 19, 2017 7:04:02 GMT
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Post by justme on Jun 19, 2017 7:04:02 GMT
A loan for 5 times more last year's turnover (previous year turnover was in minus) for getting better software , better project managers , paying suppliers and getting a better deal on new supplies). Classed as B at 10%. Madness?
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acky
Posts: 481 
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38559
Jun 19, 2017 7:08:10 GMT
Post by acky on Jun 19, 2017 7:08:10 GMT
A loan for 5 times more last year's turnover (previous year turnover was in minus) for getting better software , better project managers , paying suppliers and getting a better deal on new supplies). Classed as B at 10%. Madness? You mean profit not turnover. Loan is little more than 2% of turnover. No worse than most B loans IMO.
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justme
Member of DD Central
Posts: 203
Likes: 89
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38559
Jun 19, 2017 8:50:03 GMT
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Post by justme on Jun 19, 2017 8:50:03 GMT
Indeed, thank you. From what I seen re profit versus loan it is not the case. I find C Dear and E loans where profit is similar to the loan size.
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