There is another thread here - https://bitcointalk.org/index.php?topic=2776699.0
From which Op here gets already a loan : https://bitcointalk.org/index.php?topic=2776699.msg29238075#msg29238075
So this new loan is to cover the payment of the previous loan from jackg? And for this new loan you use the same collateral?
No, repayments start on Monday for Jackg this is just to cover me until Friday when the loan goes into my bank. Originally I asked for £20,000 but I managed to secure £10k loan and Jackg lent me the rest.
I thought the funds would be in the bank at the start of the week so Im
Now short £5,000 for the installation of the spraybooth which is happening today.
The collerteral is held by a solicitor which currently stands at 51% for jackG -the total assets for the company stand at £50,000 this does not include the new spraybooth.