Author Topic: LC Partners with Sam's Club for Small Business Loans  (Read 2803 times)

nonattender

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LC Partners with Sam's Club for Small Business Loans
« on: April 22, 2015, 09:05:50 AM »
http://www.buzzfeed.com/matthewzeitlin/on-the-shelves-at-sams-club-350000-loans#.yuzrqXgar

LC partnering with Sam's Club to offer $5,000 to $350,000 small business loans to Sam's Club membership.

Is that good news?  That sounds like good news.  :)
A little nonsense now and then is relished by the wisest men.

Kombinator

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Re: LC Partners with Sam's Club for Small Business Loans
« Reply #1 on: April 22, 2015, 09:56:09 AM »
That is actually excellent news, I look forward to being able to start buying small business loans via LC when they make this available, this is a great channel for it.

nonattender

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Re: LC Partners with Sam's Club for Small Business Loans
« Reply #2 on: April 22, 2015, 10:03:11 AM »
You can already get exposure to their SB loans, albeit not a pureplay (yet - a spin is in the works), via PSEC: http://www.google.com/finance?q=psec

A little nonsense now and then is relished by the wisest men.

RazzleDazzle

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Re: LC Partners with Sam's Club for Small Business Loans
« Reply #3 on: April 22, 2015, 08:23:28 PM »
Huge move by LC - there is a long list of borrowers at Sam's club. Online lending is turning into CAC (borrower) race.