What are the penalties incurred in the event of non-payment?
Modified on: Tue, 5 Oct, 2021 at 6:18 PM
All of the BELF loans will be secured by Personal Guarantees. If the business is not able to repay the loans then the guarantor will be called upon to repay the loan. In all cases where the business is not able to repay the loan, FACE will attend to find a solution that is most fair and equitable
Did you find it helpful?
Sorry we couldn't be helpful. Help us improve this article with your feedback.