A really marvelous example of financial engineering, via email: https://inkind.com/ It's "0%* interest loans for restaurants" and all of the magic is in the asterisk.
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Mmm... I do restaurant accounting and am going through it... They front the money and then sell house accounts to your customers, essentially inserting a cash flow parasite onto your existing customer base... Read the house acct, financing, and merchant terms.. Not good.
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So they give you $100k, then sell your existing base of customers maybe $120k in “credit” for $100k.. May repay is 1 yr, so the real interest is 2x whatever they discount “house credit” by.. Not! Good!
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As asterisks go, I've seen worse.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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I’m gonna kind of beg you to not endorse this model. Restaurant owners have it tough enough.
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If the alternative is committing a sizable portion of your sales to covering interest on a bank loan then this model at least insulates you from short term cashflow problems.
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