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As the Facility is revolving, the agreed credit limit will not be affected. What happens if the business is unable to pay the weekly interest. Failure to repay the interest instalment on time will result in the Facility being suspended.
This action will also be taken if the monthly account maintenance fee falls into arrears. Just Cashflow will make every effort to understand why this has happened. We will also work with the business to resolve the situation, to the mutual benefit of all parties. However, if we are unable to reach a mutually satisfactory arrangement and can't recover the money over a reasonable bloomington indiana personal loans, the account may be passed to an external partner.
Our external partner will attempt to recover the funds from the business and from any personal guarantors.