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Is the bounce back loan literally money for nothing?

E

Employer

Member
The terms for the bounce back loan seem very attractive. No charges or interest for a year and even after that, for the next five years the rate is fixed at 2.5%. Anyone got any interesting ideas for a six-year investment?
 
Canlla

Canlla

New Member
It is interesting. Do you have a more detailed description of these services? I just took out a loan on Finpedia regularly. Every time I asked them for various details about this, they repeatedly repeated all the conditions. When they had any new services, they always notified me about it. I am happy that I was able to find a bank with such services. I just had cases when I contacted banks that cheated me out of money (I lost a lot of money). I was young and thought that the services of a lawyer or a financial adviser were not necessary at all.
 
virginuso

virginuso

New Member
Nowadays everything is expensive and needs a lot of time to develop.
 
virginuso

virginuso

New Member
Nowadays everything is expensive and needs a lot of time to develop. Not everyone has the amount of money they need and that`s why they do different type of things or even loan. I have a friend who loaned an amount of money recently, because he wanted to renovate his upstairs in his house. He didn`t have the whole amount on cash, so he made a loan from a company. He agreed with the terms and payment rates, and after quite a few time he had the money in his hand. I recommend you to do the same, if you want to renovate, but you don`t have enough money.
 
Feduk

Feduk

New Member
The government introduced the Bounce Back Loan to help small and medium-sized businesses affected by the coronavirus crisis secure loans of up to £50,000. Unfortunately, the scheme closed on 31st March 2021. However, to some companies, even these attractive loans will not be enough to save them. That’s why it’s so vital that you understand the potential implications if you default on the loan and your business enters liquidation.
 
ismaelyork

ismaelyork

New Member
Now you can quickly get a loan for any need, whether to repair a house or buy a new site, a car.
 
Millwood

Millwood

Member
Hmm, you know, you can think about this topic for a long time. Because there is an option that you will take out a loan at a huge percentage, as it happens most often, because many people simply lack financial literacy and understanding of economic processes. Or there is another option, when you take a conscious loan at a good interest rate, as a result of which you will not overpay huge amounts, then it will not be a waste of money, do you understand what I mean? That's exactly what I did with the platform moneyunder30.com . Now I am able to improve my financial situation.
 
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