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07-20-2020, 09:30 AM #11
- Join Date
- Apr 2020
- Posts
- 191
You completely disregarded the real point of my question, yes obviously, if a merchant has bad credit but a great business then of course you would fund them; but what if its not a great business or if you deem that it is not a great business.
How many great businesses out there, at first, looked like terrible businesses until they weren't (Amazon for example)
Thats not the point, the point is, if a funder is willing to take on the risk of funding someone with a crappy business and/or crappy credit rating; why shouldn't they be allowed to factor their risk in their pricing?
Or do you only believe that businesses that you deem to be great deserve a chance at vital funding (even if expensive)
It seems very elitist of you. it seems like you are more romanticizing and offering unrealistic solutions much more than using any pragmatic thinking at all. You've likely never been in the type of position to require emergency funding while having a bad credit history or an unimpressive business.
In reality everyone deserves a chance at obtaining funding, and the funder deserves the right to price the risk into it or the funding will no longer exist for this segment of American Businesses that you look down on.
"In Theory There Is No Difference Between Theory and Practice - In Practice There Is" (Yogi Berra)
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