Business loans, 100% government backed,

So if you borrow 24000 grand, get it on the 1st June, then pay 2 grand a month for 12months, l think most small business will take along time to get going again after this alot won't be in business in 12months time to pay it back.
 

Al R

Member
Livestock Farmer
Location
West Wales
Are you guys thick? 12 months interest-free and then 5 years on top of that to pay it off
How much are you going for then? Saw something earlier that said between 25000 - 5million, has to be under 1/4 of your annual earnings that you submit for though? Is this right? What’s the rates after 12 months ? Some people will surely use this to pay overdrafts off if it’s such a good deal?
 

Still Farming

Member
Mixed Farmer
Location
South Wales UK
Upto 50k
Small business loan starts Monday and money in bank in 24hrs allegedly???
Screenshot_20200427-170327_Facebook.jpg
 

Still Farming

Member
Mixed Farmer
Location
South Wales UK
The loans are given by government approved lenders,which are the main high street banks,plus some smaller challenger banks,and a peer to peer lender,Funding Circle has been fast tracked for approval. It wont be any easier to get money out of them.
Well thats not message their trying to send out to struggling businesses!
 

SFI - What % were you taking out of production?

  • 0 %

    Votes: 77 43.5%
  • Up to 25%

    Votes: 62 35.0%
  • 25-50%

    Votes: 28 15.8%
  • 50-75%

    Votes: 3 1.7%
  • 75-100%

    Votes: 3 1.7%
  • 100% I’ve had enough of farming!

    Votes: 4 2.3%

Red Tractor drops launch of green farming scheme amid anger from farmers

  • 1,286
  • 1
As reported in Independent


quote: “Red Tractor has confirmed it is dropping plans to launch its green farming assurance standard in April“

read the TFF thread here: https://thefarmingforum.co.uk/index.php?threads/gfc-was-to-go-ahead-now-not-going-ahead.405234/
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