Author Topic: Street Shares Business Loans  (Read 17723 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.

bioclotidtai

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Re: Street Shares Business Loans
« Reply #17 on: November 26, 2020, 05:48:57 PM »
Everything depends on how your business is going. Why you need a loan if everything is ok and you can develop your business by yourself? Otherwise you can take the risk and to try to do something more, but you need to be sure that the probability of having success are at least 20% bigger than the issue probability. If you will have any problems with your business, you can sell it on ExitAdviser. There are a lot of rich investors that are ready to buy a good business for a reasonable price.
« Last Edit: November 30, 2020, 02:27:21 PM by bioclotidtai »