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Yes, I have already made 2 loan repayments towards the loan. the 3rd is due next week.
Nothing. It is sitting in my savings account while i look for another business to buy. Is that not legal?
I was not dishonest. I told them that i needed the business loan to proceed with a sale of a business in my own name. They knew i didnt have the keys, and spoke to my lawyer on the day the money was transferred so they knew the business had not been purchased. Nothing untrue was said. So, it cant be fraud can it?
In realistic terms though if i continue to make the loan repayments would they really consider trying to pursue a fraud charge against me?
It was £32,000.
Do you think i have reason to worry?
I am just going to continue to pay the monthly repayments.