Quote Originally Posted by MCNetwork View Post
That model is like the one used by a little company called Amazon.com
yes but they wanted to make money and new the sales would catch up once they did the volume. I dont care home much volume they do at those rates they will never make money on the first loan at those rates. Amazon as sales went up in volume they had enough static costs that they knew they could be profitable on sales when they got to a certain point. Charging 6% over 6 months and 13% over 12 I dont see how they could ever be profitable on that first loan with all the different over head costs in order to fund the deals, especially when most of those costs aren't static. The more you fund the more the over head will be.