Post by shimself on Apr 3, 2018 15:21:37 GMT
This is a sketchy overview, it's more to find out what other people know than to describe the platform thoroughly, I might easily have got some details wromg
The good news, the firm themselves guarantee 10% of some failed loans (not all), so skin in game.
The insured loans come at 90% insurance 6% interest, or 100% cover (90& insurance plus 10% platform guarantee) at 4% interest. (Got to choose the former surely?)
Uninsured Supply Chain Finance – We will protect the first 10% of your capital advance
Uninsured Invoice Trading – We will protect the first 10% of your capital advance
Education Finance – We do not provide any protection on these funding opportunities.
For those of us in BM Bondmason we have some exposure already. Lessons on Investly remind me that these loans are very short duration 4-6weeks often, so one bad one can wipe out an entire year or more
Worth it?
The good news, the firm themselves guarantee 10% of some failed loans (not all), so skin in game.
The insured loans come at 90% insurance 6% interest, or 100% cover (90& insurance plus 10% platform guarantee) at 4% interest. (Got to choose the former surely?)
Uninsured Supply Chain Finance – We will protect the first 10% of your capital advance
Uninsured Invoice Trading – We will protect the first 10% of your capital advance
Education Finance – We do not provide any protection on these funding opportunities.
For those of us in BM Bondmason we have some exposure already. Lessons on Investly remind me that these loans are very short duration 4-6weeks often, so one bad one can wipe out an entire year or more
Worth it?
