David Teten
AUGUST 19, 2019
The idea is for us to take advantage of a cost/expense that our borrowers are already incurring (credit card fees) and structure an investment that truly aligns our interests. Credit card fees are provided on a competitive arms-length basis, as is the interest rate on our loans.
Both Sides of the Table
MAY 23, 2010
The industry jargon for convertible debt is a “bridge loan&# or “bridge financing.&# It’s called a bridge loan because it’s meant to provide enough capital to bridge you from your last round of funding until your next round of funding. But piers are often counter productive.
Up and Running
JUNE 25, 2014
The cost: it’s much more profitable for traditional lenders to do a two million dollar loan, or a three million dollar loan than doing a $150,000 loan or $100,000 loan. That’s why for these reasons, some of the banks are and traditional financing sources are not as focused on the small business market. Hopefully that does. Scott: Okay.
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