I contemplated lying about my turnover lol I must admit and taking more.
But realistically you do have to pay it back and if I took more I knew I would just spend it all so I got 10k. That was enough for a new vehicle and some new gear.
But yes when you've done it, its like oh it's that easy is it, damn I should have got more
It’s defo a good rate, a great opportunity for borrowing!
However, it’s still gotta be paid back, wonder how many self employed will regret what they’ve borrowed in the next couple of years.
Think it’s probably sensible you took the £10k rather than say, 20k, it’s all too easy and tempting to spend for some, then the realisation you’ve gotta pay it all back and some, hits 😬.
I was very close to getting one, was half way through setting up a business account with my bank, then thought, sod it. I don’t really need it.
If I wanted a new van, I think it would have been worth it for sure! Right now though, I’m good with the grants.