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03-25-2020, 05:35 AM #1
This will wipe out the ****ty funders / syndicates (sky high default rates, they won't sustain it, especially the small 2nd -8th pos companies)
The A-B funders, who knows. Some have a crazy overhead. That, mixed in with every client calling in for a payment plan / turn off payments. They will downsize (layoff) as many as they can to conserve as much cash as possible. BUT add a stop of funding to that mix? Those are in risk of shutting down as well.
Its very unknown what will happen, who will close, who won't.
But like said before, even if a company can survive this - once you have you investors pulling their funds, nothing matters. You're closing your doors.
Feel free to chime in or correct me if I'm wrong
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