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The largest owner of Burger King franchises in United States has suggested it is looking at applying for a government loan meant for small businesses. Carrols Restaurant Group, which boasts a $145 million credit line with Wells Fargo and 1,036 stores, filed with the Securities and Exchange Commission Friday. ‘If necessary, repay indebtedness incurred pursuant … Read more
Coronavirus causing one Premier League club ‘to lose £9m-a-week and may force them to take out £100m bank loan’ as football shutdown continues to cause financial havoc By Kieran Lynch For Mailonline Published: 22:07 BST, 19 April 2020 | Updated: 23:50 BST, 19 April 2020 It is believed a Premier League club is losing ‘£9million … Read more
Act now if your home loan deal ends in three months as getting a new deal will take longer amid coronavirus crisis Up to 44% of borrowers could be missing out on big savings by failing to switch They are likely to be on their provider’s standard variable rate But it will take longer to … Read more
Self-employed workers caught out by the controversial ‘loan charge’ are still being chased by the taxman during the coronavirus lockdown, despite many having lost work. HM Revenue & Customs recently announced that it will not collect debts from businesses or self-employed people who find themselves in financial difficulties due to the coronavirus lockdown. But the … Read more
German prince is accused of globetrotting between his flat in Knightsbridge and mansion in Uruguay to avoid re-paying his ex-wife’s £600,000 loan Casimir Zu Sayn-WittgensteinSayn is being sued by ex-wife Corinna over a loan The judge ruled that Prince Casimir could be served with the documents by ‘alternative’ electronic means, and should now be aware … Read more
Britons struggling to repay their debts amid the coronavirus crisis could be given £500 interest-free overdrafts and get a three-month freeze on loan repayments under new proposals. The Financial Conduct Authority (FCA) is asking banks to offer anyone unable to repay their overdraft as a result of the virus outbreak £500 interest-free. Anyone hit financially … Read more
The Government’s small business coronavirus rescue loans were launched today, but some entrepreneurs say they are confused as to whether they can get help. The Coronavirus Business Interruption Loan Scheme was announced in the Budget and beefed up last week by Chancellor Rishi Sunak to sums of up to £5million, and is available through the British … Read more
Ailing retailer Laura Ashley seeks further £15m rescue loan just weeks after emergency funding deal It was saved from collapse last month by £20m lifeline from US bank Wells Fargo It said it is ‘in advanced discussions with a third-party lender’ But there are fears of the impact of coronavirus By Daily Mail City & … Read more
The Student Loans Company has a £28.5million pot of money belonging to university graduates which they can claim hundreds of pounds from. Between 2009-10 and 2017-18, the Government body in charge of student finance took £308million more in repayments than it should have, according to reports. While the SLC said it had contacted everyone due … Read more
Anil Ambani told the High Court that he lost all of his money in the 2008 financial crash The brother of India’s richest man has told the High Court in London that he’s broke and unable to pay back a £550million loan. Anil Ambani, once the sixth richest man in the world and the money … Read more