[J_B]

Breakout asked to not hijack a previous thread regarding questions about LoanMe, so I'm starting a new one. Apologies if this is in the wrong Forum.

From the previous thread you mentioned "0.00% interest rate is not the same as 0.00% interest or 0.00% APR." - It's confusing statements like this which leads to people asking for a common comparison tool, like APR or total cost comparison.

In reviewing the fixed payback product details your provided in the previous thread, you're taking $7k off $50k and leaving a merchant with only $43k. Even though it's 0% interest, you're taking such a huge chunk out with the origination fee it seems that the small business will likely fall into a need to borrow more, quicker, considering there are receiving significantly less than what they need.

Perhaps it's reasons like this why Merchant Maverick has you rated the lowest out of 32 small business lenders, with the first bolded copy in the piece calling it "predatory"? It does call out both personal and business loans you offer, so maybe the predatory claim is on the personal loan side, but it doesn't read that way. Would love to get your feedback and understand how this is not the case. It does seem like there are some intriguing ways you offer your products, and it'd be great to learn how this helps the small businesses, not LoanMe.

Also, was it Cash4Rent that you were previously named under? Doesn't really matter, but since it was discussed in the previous thread I figured I would try and shed some light for those interested, if that in fact was the name. If it isn't apologies for a wrong guess.