Results 1 to 4 of 4
Threaded View
-
06-27-2017, 10:38 AM #1
Reputation points: 18447
- Join Date
- May 2017
- Posts
- 170
Square
Square is going to provide financing to "qualified" customers of its merchants at a flat rate of 9.99% and hold the loans on their balance sheet. Pretty PR. LC and Prosper defaults rates results in net returns of around 5% with APRs around 16%. Square has somehow determined that all of their products should be loss leaders. Trying to pull an amazon with lending. We'll see.
Similar Threads
-
Square
By funding pro in forum Merchant Cash AdvanceReplies: 4Last Post: 02-24-2017, 12:35 PM -
Square
By mcg168 in forum Merchant Cash AdvanceReplies: 3Last Post: 04-28-2016, 02:29 PM -
Square
By CannonCap in forum Merchant Cash AdvanceReplies: 5Last Post: 04-11-2015, 03:30 PM -
Square MCA
By FUNd in forum Merchant Cash AdvanceReplies: 13Last Post: 11-17-2014, 09:11 AM -
Square
By MCAVeteran in forum Payment ProcessingReplies: 1Last Post: 04-23-2014, 01:49 PM