[Michael I]

Wait a minute, so rather than use this 24 month term loan product to market to good businesses who can’t access capital because there aren’t options available, you chose to market to companies that are higher-risk — all because you want to do your civic duty and help them?

If you did have investors, wouldn’t they think this plan is bat****crazy? What investor would say, “bypass the strongest customers that would pay this same rate and, instead, focus on the weakest customers who have a history of adding subordinated high interest debt that puts the original facility in jeopardy”.

Really doesn’t make any sense to me.

he answered before in a different post because he needs to make a certain percentage and cant have it be usury. this way he can make 40-50 points and have contract only say 20%.
i fully agree with mica that this helps a merchant however ricky point on how funders will react is a legitimate concern .To me the fact that it is the funder decision and no arm twisting i do not see the issue