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08-08-2017, 08:37 AM #1
Reputation points: 18447
- Join Date
- May 2017
- Posts
- 170
Indeed...especially still Bizfi appears to be droppping the ball with outstanding merchants....and that's real coin owed to them-well to the senior lenders. I've been an institutional lender of facilities of $50-$250 million and we would have taken control or better yet a buyout just be made whole-would never take this credibly collection risk. On the NLF side.....the value of this division (based upon Bizfi actions or lack thereof) will go to the funders. Good for Ondeck and looks like Can Capital can capitalize as well. This is what happened when CIT purchased the Direct Capital portfolio.
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