Seriously a $2 million dollar loan at 12% interest payable per...

Seriously a $2 million dollar loan at 12% interest payable per annum. How bad is this company when we have to go to dodgy brothers incorporated to get some more cash. Interest rates at an all time low and 12% is as good as it gets. Wake up. I am sure Kent would me knee deep with the owners facilitating this arrangement, or just plain silly. I tend to guess the first.