[abfunders]

Hey everyone, anyone fund one of these Bluevine term loans yet?
Looks pretty impressive with a theoretical 1.12 buy rate at 6 months, with an 8-point upsell, no origination fee.
Wanted to hear how it appears from the broker angle.

[brokerCompany]

Is not really a true term loan product. Still a weekly payment from what they said. Other funders had 1.12 buy rates for 6 months.

[abfunders]

Just because it's weekly doesn't make it not a term loan.
A term loan just means a set payback. The only reason why a cash advance isn't a loan is because the interest rates are too high to be a loan (usury laws), so we have to justify it with this whole "purchase of future receivables" thing.
Even term loans have prepayment penalties. Just most of them happen to be monthly.

[patrickw]

What;s the longest they go on term loan? 12 months?