Security / Business Advice/loan extensions

1) Yes, ReBS loans are mostly unsecured (beyond a PG,which may or may not be of any real security) although some can have something a bit more tangible, eg. B rated loans. I tend to compare C rated ReBS loans with C- on FC, and B on ReBS with C of FC.

2) ReBS is quite "collegiate" in style and many loans attract a fair amount of discussion between lenders and the borrower and/or their introducer. This can vary from highly supportive through to highly probing, depending on what is discovered and the openness of responses. Ultimately the decision whether to lend and at what rate is entirely yours.

3) Loans that don't fill initially can often be extended in the hope they will (in which case ReBS usually give lenders the option to withdraw their bids via email if they wish to). Conversely, loans that are filling quickly or have filled already can sometimes see their close date brought forward significantly. You need to keep an eye on the website for this as ReBS don't send anything via email to warn you.

It's fair to add that there have been a lot of new auctions listed in the last 2 or 3 weeks (by ReBS standards) and that seems to be stretching the funding capacity of the ReBS lender base. Hence one of the larger loans has been extended a couple of times (backed by a fair amount of lender goodwill for the enterprise) when at quieter times it would probably have filled first time around.