Replies to post #301313 on Plastic2Oil Inc (PTOI)

[jaxstraw]

Bullshit...sometimes all it takes is a little research.

Heddle and P2O'S situation fit perfectly into what an SBA 7a loan program does......and for a much lower reasonable interest rate so he didn't have to monetarily rapes shareholders with loan shark interest.

How can I use 7(a) funds?

The 7(a) Program lets you get loan amounts (up to $5 million) to fund startup costs, buy equipment and more. Here’s what else you can do with 7(a) funds:

Purchase new land (including construction costs)
Repair existing capital
Purchase or expand an existing business
Refinance existing debt
Purchase machinery, furniture, fixtures, supplies or materials

https://www.sba.gov/blogs/sbas-7a-loan-program-explained

So it seems Heddle certainly could fix the machines and restructure all the debt. (which of course is what the bulk of the money owed Heddle is for.....he loaned the company his money at loan shark interest to restructure it's debt)

Got anything else ?

LMFAO.