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Many Start-up loans are unlikely to be repaid!

Created at
Shaikh & Co Ltd

According to the Financial Times official projections have revealed that it is expected that more than one third of the £150m in public funds that is being lent as start-up loans could potentially be lost.  The newspaper claims that £549,000 is already in arrears and that 40% of loans are unlikely to be repaid.  The same documents also reveal that 5% of the money (£7.5m) will be paid to the Start-Up Loans Company as payment for running the scheme.