Business loans, 100% government backed,

[steveR]

S

I have an idea, what you do is buy a potential classic of the future, a newish tractor, use the bounce back loan to pay for it, pay interest only, use it for 10 years. After the 10 years your classic would of doubled in value, sell it to an enthusiast, pay off the loan and you get your interest back on the profit of the sale.
It,s a win win. I just need to choose a classic.

Something with no emissions controls for starters... Maybe even minimal electronic controls all over.

Might need to buy a real low miler Classic instead. Like the idea though.

 

[Greythundercloudys]

Are we getn 10 years to pay it back now, really is the never never.

 

[glasshouse]

Oh yeah free money would be really good [emoji23] about £10k foc and would be no complaints from me

Not enough zeros on that
Add another three

 

[glasshouse]

Both myself and wife applied with individual businesses and neither of use have been succesful. We have joint accounts with both Santander and TSB and rejected by both. Santander rejected as not business account and no option to set up business account. TSB rejected on same basis but gave option to set up Businees account. Business account set up but still rejected as business income historically paid into building society as banks paid no interest. Building society not part of the scheme. Given up as wasting so much of our time.

Get your arse down to clydesdale and open a business account.

 

[Mc115reed]

Not enough zeros on that
Add another three

Only took 10k last time and as soon as it went in my bank wished I’d doubled it [emoji28][emoji28] they wouldn’t let me change it either

 

[jendan]

Only took 10k last time and as soon as it went in my bank wished I’d doubled it [emoji28][emoji28] they wouldn’t let me change it either

You can uprate it to a CBiLs loan.

 

[Wombat]

Grants would be better!

Was just hoping the business rates grant would start again

 

[Wombat]

Oh yeah free money would be really good [emoji23] about £10k foc and would be no complaints from me

They did if you had a rateable business

 

[Still Farming]

I have an idea, what you do is buy a potential classic of the future, a newish tractor, use the bounce back loan to pay for it, pay interest only, use it for 10 years. After the 10 years your classic would of doubled in value, sell it to an enthusiast, pay off the loan and you get your interest back on the profit of the sale.
It,s a win win. I just need to choose a classic.

And good crystal ball.

 

[icanshootwell]

And good crystal ball.

Not really, MF 7480 would be a possible, fendt 516 maybe, JD 7810, any special editions is worth a punt, unusual paint work, the hard bit is finding one on low hours. The older shape fendt 716 is now a classic, been looking for a while now.

 

[Hfd Cattle]

Nice 1455 inter on eBay .......£27000 !

 

[icanshootwell]

Nice 1455 inter on eBay .......£27000 !

There you go, 10 years ago that could of been bought for 15k.

 

[Mc115reed]

There you go, 10 years ago that could of been bought for 15k.

No real use buying something that’s already a clsssic though is it.., you want too buy it when it’s 15k not when it’s gone up in value already

 

[J 1177]

Although I like a 1455 I don't know if I'd want to spend hours on end on one

 

[Sonoftheheir]

Well this thread has gone off on a tangent

 

[J 1177]

Well this thread has gone off on a tangent

Ha I only twigged what thread we were on when you said. Pitfalls of posting on multiple threads. I took my bbl to help cash flow for a shed project that was on the cards any way. But it will help with cash flow. Planning permission is in now fingers crossed I get it

 

[Still Farming]

 

[Still Farming]

The Banks doing well and Capitalising out of Government allegedly also in these TROUBLED unprecedented Pandemic times!

 

[jendan]

View attachment 917659View attachment 917660

The Banks doing well and Capitalising out of Government allegedly also in these TROUBLED unprecedented Pandemic times!

Lloyds doing better than expected as well.Heads they win,tails they win. Hopefully they might be a bit keener to lend proper again.

 

[Mc115reed]

So with all these extra lock downs coming are we getting some more bounce back loans ? [emoji28][emoji28][emoji28]