No Freebies

A quick note on deferred payments and interest only periods that are being offered by lenders;

If you need to defer payments by all means use it but note that this is not a repayment freebie or holiday from your mortgage.

Interest and repayments that are deferred will be capitalised (added) to your existing loan and that means you will have a higher debt position in 6 months. For those businesses who are deferring a wide range of payments this could create a burden that some experts are estimating will take years for business owners to dig themselves out of.

If you’re not sure what this means for you make sure you get advice before making a decision. That way you’ll know you’re making an informed decision about the best action for you.

#deferredpayments #notafreebie #cashflow

More Posts & Resources

All The Private Loans

Non bank lenders have a range of loan types that many business owners don’t know is available (the choice is endless) Unsecured and secured loansLines

Read More »

Get Finance Fast

Even in normal times of trade there are reasons a business owner could need access to finance fast. How fast you receive your funds in

Read More »

Case Studies