We are coming close to the maturity of the first loan, which I believe is due on the 25th, and we are looking to up the loan amount to 3 to 4 mm loan amount at that time up to 90 days. Of course, we are also aware of this quick increase (limiting to 50% increase up to Max of 5 million) in credit limit (which was enacted after our loan originally taken), so we are open to a discussion here with the community based on what would be an appropriate course of action.
Given current market conditions, we look to pay 18% as per the last market rate.
We are happy to take down such loan - if approved timing wise after we have repaid this current loan, or if it isn’t an issue to start a loan earlier than that date. However, in any case, we have figured it is good to start this conversation earlier than later.
Our original loan application proposal is here: