Reply to post: Re: 8%!?

UK government to take equity in struggling startups with £250m 'Future fund'

AMBxx Silver badge

Re: 8%!?

Housing market loans are secured against the house, so much less risky.

For my business, I'm regularly offered loans at less than 1%. Small print is that the directors are giving a personal guarantee - that means my house is on the line.

Car loans for £20k are easily available at 4% (ish) as the monthly repayments are nice and low and tend to be repaid.

The 8% is for a risky startup - I'd want more than that if I was lending money to a startup. Wouldn't you?

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