Trx20 Apr 2020 20:17
Funding :
Both of these loans have the same conditions, including a two-year term and 1% annual interest rate deferred for six months.
The principal, however, does not need to be repaid if the funds go towards supporting employee payroll, healthcare, rent, and utlities in the US over the next two months.
Am I right I’m thinking we will have to pay some of the loan back as we won’t spend all this in 2 months ?
What the amount people think we need in funding ? From what I’ve been reading some say 2 mill but some say as much as 10 mill