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Alibaba

Started by Peter, February 02, 2015, 11:00:00 PM

Previous topic - Next topic

WES

http://seekingalpha.com/news/2266206-alibaba-lending-club-form-financing-partnership" class="bbc_link" target="_blank">http://seekingalpha.com/news/2266206-alibaba-lending-club-form-financing-partnership

Lending Club is teaming up with Alibaba to offer short-term loans to US businesses buying Chinese products: up to $300K, typically for a few months, at rates of 0.5%-2.4%.

BruiserB

I assume these loans will only be marketed to institutional investors? 


Sent from my iPhone using Tapatalk

RazzleDazzle


thezfunk

So, I could use this in my buy cheap crap from China, park it in an Amazon warehouse and sell it at a markup plan?  If I pick crap that moves quick I could totally leverage myself a new business!

TravelingPennies

Well said. In case what I said above was passed as facetious - I did mean it as a great opportunity for these eCommerce websites , many are run by kids from garage (think "promotional products").

That being said, this is an advertising ploy / hype. Prosper advertises I can get 6.99% loan - really? with excellent credit I was offered a 15% APR. No thank you.

rawraw


AnilG

Phase 1: Collect underpants
Phase 2: ?
Phase 3: Profit

https://www.youtube.com/watch?v=tO5sxLapAts" class="bbc_link" target="_blank">https://www.youtube.com/watch?v=tO5sxLapAts

https://forum.lendacademy.com/index.php?topic=3021.msg27274#msg88888888Quote"> from: thezfunk on February 03, 2015, 05:35:55 PM

TravelingPennies

@ rawraw: For real? That's awesome. Time to leverage and do hard money lending - hear patchofland returns are 12%+

@Anil: Hilarious! come up with a business venture and I'm in https://forum.lendacademy.com/Smileys/default/smiley.gif" alt=":)" title="Smiley" class="smiley" />

Fred


TravelingPennies


TravelingPennies


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