Results 1 to 4 of 4
-
07-22-2019, 12:09 PM #1
- Join Date
- Feb 2017
- Posts
- 3,473
Bluevine Term Loan
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.
-
07-22-2019, 02:05 PM #2
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.
-
07-22-2019, 02:58 PM #3
- Join Date
- Feb 2017
- Posts
- 3,473
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.
-
07-23-2019, 02:28 PM #4
What;s the longest they go on term loan? 12 months?
Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
Similar Threads
-
BlueVine 12 Month Term LOC
By Michael Slabitcher in forum Business LoansReplies: 18Last Post: 06-04-2019, 12:16 PM -
Expansion/Growth Loan $350k, Term Loan Needed
By Mako284 in forum Deal BinReplies: 3Last Post: 10-23-2018, 09:51 AM -
term loan?
By Sachip24 in forum Deal BinReplies: 0Last Post: 01-09-2018, 01:06 PM -
Contractor doing $2+M looking for term loan or long term cash advance
By PulseLenders in forum Deal BinReplies: 14Last Post: 04-17-2017, 06:30 PM -
Whos is left in term loan and non mca unsecured loan space?
By michaelh in forum Deal BinReplies: 9Last Post: 08-02-2016, 05:31 PM