From: "Michael Leuty" <[log in to unmask]>
Sent: Thursday, February 26, 2004 4:28 PM
>So I am thinking of applying for a bank overdraft to cover us until HM
Government deigns to pay us the money we are owed.
I'd have thought you might be able to get 1 - 2% over base rate and the
arrangement fee sounds extortionate. Maybe you should get together as a GP
consortium with lots of others and ask to borrow £10 million; it might be
cheaper.
>I have also been asked to provide completed Financial Profiles for all
the partners, including details of all their income and outgoings,
personal assets, any guarantees given, and employment and income of
spouse. Personally I regard this as colossal cheek.
Try some other banks.
--
Fay
|