What weird American terminology is a "forgivable" loan? Is that a grant with extra steps? Or a recognition that no loan scheme works and they'll eventually have to give up chasing repayment on half of them?
It's a closing cost on a 200k-$2M financing needed to actually start a buisness.
You know how people are gunshy about gov loans because the whole student debt can't be discharged in brankruptcy? Well now we're trying to sell START A BUISNESS to compete in a broken and senseless market and has a 90% chance of going bankrupt anyways. So the closing costs on the financing can be forgiven, but not the other 90%
Think of the vultures that will feast on the remains! Mark Cuban!
What weird American terminology is a "forgivable" loan? Is that a grant with extra steps? Or a recognition that no loan scheme works and they'll eventually have to give up chasing repayment on half of them?
It's a closing cost on a 200k-$2M financing needed to actually start a buisness.
You know how people are gunshy about gov loans because the whole student debt can't be discharged in brankruptcy? Well now we're trying to sell START A BUISNESS to compete in a broken and senseless market and has a 90% chance of going bankrupt anyways. So the closing costs on the financing can be forgiven,
but not the other 90%