Loans are either secured by a fixed and floating charge debenture or by a personal guarantee by the owners of the business.
Repayments are made monthly in equal instalments over the life of the loan. When we at Go2 receive the money from the borrower we split it into the amounts due to each of the lenders and send your share to your account.
If a business should choose to repay its loan in full before the end of the loan period, your outstanding principle will be credited to your account.
To keep getting a return on your money you can choose to lend it to other businesses.
If a business should miss a payment to you we will chase the business on your behalf. In the unlikely event that the business ceases to trade Go2 Recoveries Limited will pursue the guarantors for the unpaid amount due on your behalf.