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This seems like a weird requirement: "The first tranche will be released when the company provides confirmation of an additional investment of €5,000 in the co
by ojbyrne 16y ago
This seems like a weird requirement:
"The first tranche will be released when the company provides confirmation of an additional investment of €5,000 in the company"
So you have to get approval not only from them, but also some other funding organization (and one that invests such a small amount). I wonder if self-funding counts.
- mattmanser 16y agoI'm not pretending any inside knowledge but that looks like self-funding to me. It's been fairly common for the loans and grants I've seen in the UK to require proof of a bit of self-provided capital before you can get the funds.
- Swannie 16y agoAgreed. I read that to mean "when you produce a bank statement with €5,000 in the account, we will pay you the first half".