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if they have 5mil cash why borrow 237k at 9%??? and for 60...

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    if they have 5mil cash why borrow 237k at 9%??? and for 60 months

    Loan - other
    30 June 2023
    On 15 November 2022, the Company entered into a loan for $237,527. The loan is repayable through monthly instalments
    of $4,953 (plus GST) for 60 months until 14 November 2027. Interest is charged at a rate of 9.2% per annum.
 
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