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submitted 1 day ago* (last edited 1 day ago) by miz@hexbear.net to c/the_dunk_tank@hexbear.net
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[-] CarbonScored@hexbear.net 26 points 22 hours ago* (last edited 22 hours ago)

What weird American terminology is a "forgivable" loan? Is that a grant with extra steps? Or a recognition that no loan scheme works and they'll eventually have to give up chasing repayment on half of them?

[-] Evilphd666@hexbear.net 24 points 22 hours ago* (last edited 22 hours ago)

It's a closing cost on a 200k-$2M financing needed to actually start a buisness.

You know how people are gunshy about gov loans because the whole student debt can't be discharged in brankruptcy? Well now we're trying to sell START A BUISNESS to compete in a broken and senseless market and has a 90% chance of going bankrupt anyways. So the closing costs on the financing can be forgiven, twisted but not the other 90%

porky-happy Think of the vultures that will feast on the remains! Mark Cuban!

this post was submitted on 15 Oct 2024
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