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Post by Ace on Jul 30, 2021 11:36:36 GMT
The limit for working capital loans is per borrower not per loan so that will almost certainly be your issue. However there might be implications if all the lender's funds go into only one of the borrower's loans, I haven't looked into that scenario and whether the lender might be disadvantaged or not in all possible outcomes.
I don't think it matters whether your funds are in one loan or spread across the loans to this borrower - the loans are backed by the same asset pool. I think you're right, though I prefer my funds to be split over multiple tranches, even when it's essentially a single loan, to avoid the issue of trying to get funds from a single large repayment deployed. It hasn't been a problem with this borrower so far as he keeps renewing the loans.
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Post by df on Jul 30, 2021 11:42:41 GMT
I don't think it matters whether your funds are in one loan or spread across the loans to this borrower - the loans are backed by the same asset pool. I think you're right, though I prefer my funds to be split over multiple tranches, even when it's essentially a single loan, to avoid the issue of trying to get funds from a single large repayment deployed. It hasn't been a problem with this borrower so far as he keeps renewing the loans. Yes that's a good reason to spread across the loans. However, this time round all six are due to mature at about the same time (13th-28th January).
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