Is the bounce back loan literally money for nothing?

[Employer]

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?

 

[chockeroo]

Where can I find some more feedback?

 

[Canlla]

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]

I dont remember properly but i think it is.

 

[virginuso]

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

 

[virginuso]

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.

 

[Togltorfab]

In the end, corporations may only obtain capital in three ways: through net earnings from operations, borrowing, or issuing stock capital.