[channin19]

http://mobile.nytimes.com/2015/05/21...html?referrer=

[Miller192]

Interesting but I don't think this is going to make much sense for anyone involved.

If you're ZipCap, I suppose if you sign up a 100,000 merchants you're making a nice income off of a $99 monthly fee. But where are you getting the money from?

Unsecured lending at below markets rate isn't going to attract capital. You can look at premiums on SBA 7(a) loans at rates below 4.5% and find that there is almost zero premium and those carry considerable backing and at least paper collateral. That should tell you the level of investor interest for a 3.99% unsecured loan.

To me, it just doesn't make any sense.