Interesting model for determining a biz line of credit but the loan shark level of fees is crazy https://www.kabbage.com/how-it-works/
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Replying to @ianlandsman
wow. isn't the whole point if biz LOC that they are low fee?
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Replying to @amyhoy @ianlandsman
The alternative lenders largely distinguish themselves by issuing to businesses that banks won't issue to.
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I have one for emergencies for Kalzumeus simply because BoA said "Hah, too small to underwrite. Want a credit card?"
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I suppose but 6 month repayment period with 12.5% fees and prob very neg late payment fees seems to limit its usefulns
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Replying to @ianlandsman @amyhoy
Yeah; I use a competitor which is a 6 month repayment period at 36% APR. Highway robbery but when needed was needed.
9:15 AM - 11 Sep 2016
from San Francisco, CA
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