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01-17-2014, 10:35 AM #1
Lending Club Spotted in the Wild
I have seen evidence of a merchant that just recently got funded by Lending Club. This merchant had taken out merchant cash advances previously. There is no doubt in my mind now that Lending Club will be competition to this industry.
Some background:
- merchant had really good credit
- merchant had negative days on the banks (overdrafts and NSFs)
it begins
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