Author Topic: Street Shares Business Loans  (Read 16637 times)

Rude Dude

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Re: Street Shares Business Loans
« Reply #15 on: January 08, 2017, 02:23:11 PM »
Really interesting thread - Fred and nonattender I completely agree with your comments. We've worked with FC, Dealstruck, and a number of other SMB online loan originators but nobody seems to have really figured it out yet. SMB lending just isn't formulaic and I question the wisdom of approving loans where DSCR is significantly less than 1x and the business hasn't yet been profitable or broken even for a number of years. A big chunk of SMB loan u/w is, for lack of a better term, judgmental.

Nonattender, what have you heard about Credibly? Seems like the u/w is purely algorithmic, featuring a huge dose of machine learning.

And any truth to the rumor that LC is thinking about suspending their SMB lending operation?

jerlrin

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Re: Street Shares Business Loans
« Reply #16 on: August 27, 2019, 06:07:38 AM »
Borrowers can pay back their loans early, with no prepayment penalties. If your company is young, there’s a good chance you’ll alter your financing plan as your business changes, says Mel Levey, director of investor relations for StreetShares.