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Will the loan need to be repaid before the second instalment?

April 26, 2017instalment loan repaid

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Will the loan need to be repaid before the second instalment?

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No. The lender is willing to wait until after the second instalment has been paid. This means that the Supporters Trust can focus on raising the second instalment of £50,000 and only then need it focus on raising the funds to repay the loan.