[Sean Cash]

This time of year is notoriously busy for funding, but it's a different breed of merchants than in other months. Merchants who did not hit their holiday sales expectations tend to pursue funding in January and early february to give them a swift kick in the pants for the new year.

[HeatherF]

This time of year is notoriously busy for funding, but it's a different breed of merchants than in other months. Merchants who did not hit their holiday sales expectations tend to pursue funding in January and early february to give them a swift kick in the pants for the new year.

I know based on our traunch analysis that merchants funded during quarter 1 tend to have a higher default rate than any other quarter

[isaacdstern]

I know based on our traunch analysis that merchants funded during quarter 1 tend to have a higher default rate than any other quarter

I have never heard that before...that's really interesting