Alex Shvarts
👤 SpeakerAppearances Over Time
Podcast Appearances
So if we're supposed to take 10%, we're looking at their sales or we're adjusting payments.
Most of the time, it never works out as planned.
It's always a slower pace, okay?
So there is no fixed term here.
And it's very hard.
Look, we have disclosures in states like California and states like New York, where at the time of origination, we have to provide an APR, right?
And we do calculate this APR based on the standards that they have provided, but it's not always accurate.
And it will change.
It will change because what if it takes them two years or three years, right?
So the better way to look at this is the cost of capital.
So, you know, I'm getting $90,000.
I got to pay back $100,000.
My cost of capital is $10,000.
That's the true way to look at this.
And, um, cause there is no term and, and, and, and that's really, really important.
Right.
Absolutely.
Absolutely.
And we're not catering to your bankable client, right?
No, we don't restructure them.