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Post by: Peter on April 21, 2015, 11:00:00 PM
Post by: Peter on April 21, 2015, 11:00:00 PM
http://www.buzzfeed.com/matthewzeitlin/on-the-shelves-at-sams-club-350000-loans#.yuzrqXgar
LC partnering with Sam's Club to offer $5,000 to $350,000 small business loans to Sam's Club membership.
Is that good news? That sounds like good news.
LC partnering with Sam's Club to offer $5,000 to $350,000 small business loans to Sam's Club membership.
Is that good news? That sounds like good news.
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Post by: Kombinator on April 21, 2015, 11:00:00 PM
Post by: Kombinator on April 21, 2015, 11:00:00 PM
That is actually excellent news, I look forward to being able to start buying small business loans via LC when they make this available, this is a great channel for it.
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Post by: TravelingPennies on April 21, 2015, 11:00:00 PM
Post by: TravelingPennies on April 21, 2015, 11:00:00 PM
You can already get exposure to their SB loans, albeit not a pureplay (yet - a spin is in the works), via PSEC: http://www.google.com/finance?q=psec
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Post by: RazzleDazzle on April 21, 2015, 11:00:00 PM
Post by: RazzleDazzle on April 21, 2015, 11:00:00 PM
Huge move by LC - there is a long list of borrowers at Sam's club. Online lending is turning into CAC (borrower) race.