It might make sense to borrow at low interest rates but would you care to speculate as to the security offered to the lender in order to underwrite the £5 million facility ? Low (normal) rates are only available from normal lenders under normal lending procedures which would involve security and a charge over something. Unsecured borrowing comes at unsecured rates (check your credit card and compare with your mortgage). A 100% funding arrangement for the work (as you have suggested) is also worthy of more thought. ----- Original Message ----- From: [email protected] To: Paul Cundell ; [email protected] ; [email protected] Sent: Saturday, March 31, 2012 10:38 AM Subject: Re: [LU] What does this all mean?
With low interest rates it makes sense to borrow the money for the stadium work, unless the business was awash with cash - which it isn't. We don't know how much is being spent on the stand - I'd be surprised it's that much more than 5 million pounds. _______________________________________________ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email [email protected] PETE CASS (1962 - 2011) Rest In Peace Mate
