| Bounce Back Loans 11:49 - May 4 with 2810 views | Boris_ |
Another great move from Rishi. £50k loans with no repayments for 12 months and no interest for 12 months, fixed 2.5% APR for the remaining 5 years with no Early Repayment Fees.
Good job we have a business minded government leading us through this pandemic.  |  |
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| Bounce Back Loans on 14:10 - May 6 with 500 views | Butty101 |
| Bounce Back Loans on 13:58 - May 6 by Boris_ |
Supporting by guaranteeing the loans. Only relevant if a BUSINESS goes in to liquidation with no cash or assets to pay the creditors.
So I will ask you again... what is your issue? |
Im thinking of doing the same TBH, why wouldnt a business take advantage? |  |
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| Bounce Back Loans on 14:20 - May 6 with 489 views | Boris_ |
| Bounce Back Loans on 12:25 - May 6 by kernow |
If your BUSINESSES go pop the Government repay with interest the loans to the Bank so it is risk free as far as you and the Bank are concerned as the taxpayer picks up the tab.
I can see the attraction. |
Well exactly, but if your BUSINESS goes pop then either a) You're scamming everyone therefore you're a c*nt or b) turns out you did need the loan after all. | |
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| Bounce Back Loans on 14:25 - May 6 with 485 views | Boris_ |
| Bounce Back Loans on 14:10 - May 6 by Butty101 |
Im thinking of doing the same TBH, why wouldnt a business take advantage? |
Every single business should take one if they qualify and any good accountant would encourage you to.
Who knows where this pandemic is heading... for the sake of spending 3 minutes filling out the form, you might as well have the money sat in your bank for 12 months and if you don't end up needing it, just give it back and it costs you £0. | |
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| Bounce Back Loans on 14:32 - May 6 with 482 views | grumpy |
| Bounce Back Loans on 13:58 - May 6 by Boris_ |
Supporting by guaranteeing the loans. Only relevant if a BUSINESS goes in to liquidation with no cash or assets to pay the creditors.
So I will ask you again... what is your issue? |
So you think that every business should apply for these loans whether they need them or not so that they can invest in their business.
How do you think that will work out?
There is only so much money in the pot. |  | | |
| Bounce Back Loans on 14:39 - May 6 with 474 views | Bison |
| Bounce Back Loans on 14:32 - May 6 by grumpy |
So you think that every business should apply for these loans whether they need them or not so that they can invest in their business.
How do you think that will work out?
There is only so much money in the pot. |
I can assure you the banks have more than enough cash floating around , covering every business that qualifies would be a mere drop in the ocean compared to how much they have in reserves. |  |
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| Bounce Back Loans on 14:41 - May 6 with 471 views | Boris_ |
| Bounce Back Loans on 14:32 - May 6 by grumpy |
So you think that every business should apply for these loans whether they need them or not so that they can invest in their business.
How do you think that will work out?
There is only so much money in the pot. |
No every BUSINESS should take one out to suit their particular circumstances which could be:
a) Holding the money in their bank just incase this situation gets worse. Give it back in 12 months if it's not needed.
b) Pay bills and costs to keep them afloat whilst not being able to trade.
c) Use the facility as a means of investing in their BUSINESS, either with staff ( more people in work ) or machinery/production ( leading to more people in work ) so they are set up to 'Bounce Back'
There is enough money in the pot for every qualifying BUSINESS to take out £50k, which is the cap. The government will have done their maths. They were pretty much spot on with how much furloughing would cost, for example.
Now, what is your problem? I assume you've never run or owned a BUSINESS to fully understand how you develop one? | |
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| Bounce Back Loans on 14:47 - May 6 with 465 views | Bison |
I think Grumps comes from the 'Neither a borrower nor a lender be' era. | |
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| Bounce Back Loans on 15:08 - May 6 with 453 views | grumpy |
| Bounce Back Loans on 14:41 - May 6 by Boris_ |
No every BUSINESS should take one out to suit their particular circumstances which could be:
a) Holding the money in their bank just incase this situation gets worse. Give it back in 12 months if it's not needed.
b) Pay bills and costs to keep them afloat whilst not being able to trade.
c) Use the facility as a means of investing in their BUSINESS, either with staff ( more people in work ) or machinery/production ( leading to more people in work ) so they are set up to 'Bounce Back'
There is enough money in the pot for every qualifying BUSINESS to take out £50k, which is the cap. The government will have done their maths. They were pretty much spot on with how much furloughing would cost, for example.
Now, what is your problem? I assume you've never run or owned a BUSINESS to fully understand how you develop one? |
Now, what is your problem?
Now, what is your problem?
Now, what is your problem?
This is like a Monty Python thread. [Post edited 6 May 2020 15:09]
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| Bounce Back Loans on 15:11 - May 6 with 448 views | Boris_ |
| Bounce Back Loans on 15:08 - May 6 by grumpy |
Now, what is your problem?
Now, what is your problem?
Now, what is your problem?
This is like a Monty Python thread. [Post edited 6 May 2020 15:09]
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So we're agreed that you have jumped to conclusion and not really thought about what you're saying.
I accept your apology. | |
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| Bounce Back Loans on 16:56 - May 6 with 422 views | grumpy |
| Bounce Back Loans on 15:11 - May 6 by Boris_ |
So we're agreed that you have jumped to conclusion and not really thought about what you're saying.
I accept your apology. |
You didn’t one because you are in the wrong and don’t like being told so. | | | |
| Bounce Back Loans on 17:05 - May 6 with 417 views | this_charming_man |
| Bounce Back Loans on 16:56 - May 6 by grumpy |
You didn’t one because you are in the wrong and don’t like being told so. |
he really isnt Grumps. It's okay if you dont understand how it works. |  |
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| Bounce Back Loans on 17:12 - May 6 with 413 views | Heisenberg |
I'm sure we are all in agreement that anyone using these loans to profiteer are absolute scum. Use to support your business through hard times and keep it going seems fair to me. Let's just hope the same is afforded to those who don't run businesses and the poor and vulnerable aren't punished as they were during the austerity years. |  |
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| Bounce Back Loans on 17:22 - May 6 with 407 views | Buggalugs |
| Bounce Back Loans on 14:25 - May 6 by Boris_ |
Every single business should take one if they qualify and any good accountant would encourage you to.
Who knows where this pandemic is heading... for the sake of spending 3 minutes filling out the form, you might as well have the money sat in your bank for 12 months and if you don't end up needing it, just give it back and it costs you £0. |
Exactly. No-one knows what's round the corner or what bad debt may suddenly fall on a business. Just because a business doesn't need a cash injection now, doesn't mean it won't in 2,3, 4 months time.
Take the money, stick it in an account and If you don't need to draw on it, great, your business has survived and you hand it back after 12 months and if you do, the money has helped save your business and the jobs of your employees, which is exactly the point of it.
Unfortunately, too many people sneer and see business owners as scumbags trying to line their own pockets all the time, without really understanding how business works. This thread is a prime example of those that do and those that don't. |  |
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| Bounce Back Loans on 17:50 - May 6 with 392 views | Bison |
| Bounce Back Loans on 17:22 - May 6 by Buggalugs |
Exactly. No-one knows what's round the corner or what bad debt may suddenly fall on a business. Just because a business doesn't need a cash injection now, doesn't mean it won't in 2,3, 4 months time.
Take the money, stick it in an account and If you don't need to draw on it, great, your business has survived and you hand it back after 12 months and if you do, the money has helped save your business and the jobs of your employees, which is exactly the point of it.
Unfortunately, too many people sneer and see business owners as scumbags trying to line their own pockets all the time, without really understanding how business works. This thread is a prime example of those that do and those that don't. |
Where do Grumps and the international man of mystery , Saint22 fit in your analysis mate ? | |
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| Bounce Back Loans on 17:59 - May 6 with 385 views | grumpy |
| Bounce Back Loans on 17:22 - May 6 by Buggalugs |
Exactly. No-one knows what's round the corner or what bad debt may suddenly fall on a business. Just because a business doesn't need a cash injection now, doesn't mean it won't in 2,3, 4 months time.
Take the money, stick it in an account and If you don't need to draw on it, great, your business has survived and you hand it back after 12 months and if you do, the money has helped save your business and the jobs of your employees, which is exactly the point of it.
Unfortunately, too many people sneer and see business owners as scumbags trying to line their own pockets all the time, without really understanding how business works. This thread is a prime example of those that do and those that don't. |
Prime example of' I'm all right jack' more like,,,,, | | | |
| Bounce Back Loans on 18:01 - May 6 with 384 views | Bison |
| Bounce Back Loans on 17:59 - May 6 by grumpy |
Prime example of' I'm all right jack' more like,,,,, |
Where do you work Grumps ? How big is your mortgage and when do the kids leave school ? | |
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| Bounce Back Loans on 18:01 - May 6 with 383 views | Boris_ |
| Bounce Back Loans on 17:12 - May 6 by Heisenberg |
I'm sure we are all in agreement that anyone using these loans to profiteer are absolute scum. Use to support your business through hard times and keep it going seems fair to me. Let's just hope the same is afforded to those who don't run businesses and the poor and vulnerable aren't punished as they were during the austerity years. |
Anyone who takes a loan and intentionally strips out their company and liquidates based on the knowledge that the government are guaranteeing the loans so they won't get chased are indeed scum.
It's clear you aren't too savvy in BUSINESS but 'profits' pay wages and loans back so any business should be taking the loan with a view to using it to make a profit, so not sure you really thought about that comment. I am sure the bank want me to make a profit from that money or they won't be getting it back.
You do know our furlough scheme for workers is one of the best, if not THE best in the world, don't you? Imagine that, tories looking after the workers! | |
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| Bounce Back Loans on 18:02 - May 6 with 380 views | grumpy |
| Bounce Back Loans on 18:01 - May 6 by Bison |
Where do you work Grumps ? How big is your mortgage and when do the kids leave school ? |
Get lost! I don't any tom, dick or harry that sort of info on here. | | | |
| Bounce Back Loans on 18:04 - May 6 with 377 views | Boris_ |
| Bounce Back Loans on 18:02 - May 6 by grumpy |
Get lost! I don't any tom, dick or harry that sort of info on here. |
You have clearly spent your life as an entry level worker because you seem to have an overwhelming and irrational hatred of employers, as well as a complete lack of knowledge in BUSINESS. | |
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| Bounce Back Loans on 18:09 - May 6 with 374 views | grumpy |
| Bounce Back Loans on 18:04 - May 6 by Boris_ |
You have clearly spent your life as an entry level worker because you seem to have an overwhelming and irrational hatred of employers, as well as a complete lack of knowledge in BUSINESS. |
Hark at the business magnate that wants loans he doesn't need. | | | |
| Bounce Back Loans on 18:10 - May 6 with 371 views | Boris_ |
| Bounce Back Loans on 18:09 - May 6 by grumpy |
Hark at the business magnate that wants loans he doesn't need. |
Did you get bullied at work? Did your employer give you all the sh!tty jobs because he didn't like you? You seem to have some issues, let them out Grumps, maybe we can help.  | |
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| Bounce Back Loans on 18:21 - May 6 with 349 views | Boris_ |
| Bounce Back Loans on 18:14 - May 6 by grumpy |
You're the one that needs help. [Post edited 6 May 2020 18:15]
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Ahhh man, not even getting any proper bites or comebacks from you now. Borrrrrrrrring. | |
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| Bounce Back Loans on 18:24 - May 6 with 344 views | grumpy |
| Bounce Back Loans on 18:21 - May 6 by Boris_ |
Ahhh man, not even getting any proper bites or comebacks from you now. Borrrrrrrrring. |
Childish comment . | | | |
| Bounce Back Loans on 19:05 - May 6 with 313 views | Happy_Jack |
| Bounce Back Loans on 16:56 - May 6 by grumpy |
You didn’t one because you are in the wrong and don’t like being told so. |
He isn't in the wrong grumpy. Everything Boris has stated on this thread is 100% accurate. Not having a dig at you by the way. |  |
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