"Unsecured business loan interest rates in Australia generally range from around 9% to 26% per annum, with rates varying based on factors like loan size, business health, and the Reserve Bank of Australia's cash rate. "
They have put up their superfunds as collateral ffs. The Solomon bros have literally gone all in and goobers like you are Still trying to make out they are somehow 'milking' the company?
The only reason they did this is because the construction industry moves slowly and so they have risked millions of THEIR OWN MONEY to pay back TAS so they can get digging. They did not have to do this.
"So the brothers have used their money to get 9.97% interest for as long as this company lives."
And what if the company doesn't live? They lose it all. Your little FUDster buddies have been harping on for yrs about how the company is days away from administration. Oh well, they got that extra 0.97% on top of the lowest rate around for abit. Totally worth it.
IMO DYOR GLTS
EDE Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held
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