Ann: Working Capital Loan , page-2

  1. 23,919 Posts.
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    $150,000 loan interest free

    BUT

    the fee payable is either $65,600 at today's prices

    OR

    $30,000 down the track without approval

    and granted a fixing and floating charge over all of the company's assets

    do they have rocks in their heads ?

    Almost 40% interest on a short term loan and security over the whole company ... they must be very confident of this deal and plan to raise a whole lot of capital

    am glad i'm out
 
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