Some states would call the interest paid “usury”. Most people here would call it “idiot tax”. Selling blood, loan sharks, investing in block cheese futures, crumpling up money to throw in the sewer all seem to rate higher in likelihood to help your business.
While I have not borrowed this way . . . neither have I heard of anyone anywhere saying anything positive about this concept or that it made their business wealthy. My first thought is that I would be hearing about it from each and every financial institution and financial advisory source if this were a great idea. My bank has never offered such a thing.
