Shawn Porat
๐ค SpeakerAppearances Over Time
Podcast Appearances
You know, you're charging small businesses to give you data.
And I believe that's why it's never really, you know, been scaled.
So right now I'm, you know, we're in the beginning, it's, everything's going to be completely free.
You know, we want small businesses to invite their vendors or suppliers on board.
We want a small business to come to monitor as many businesses, their competitors, their vendors, suppliers, partners, et cetera, and customers.
And how we're gonna make money is by pushing them to different loans.
For example, small business built their credit for a couple of reasons.
Main reason is they need a loan.
So we're partnering up with a couple of alternative lenders, traditional lenders.
Yeah.
Yeah.
Banks pretty much.
And we'll be able to take a commission on each of the deals that go through.
That's the consumer credit rating.
We're going to have a mean letter grade and we're also going to have a couple of sub scores out of 100.
Uh, it really depends on what the bank, uh, typically offers.
You know, there are some lenders that usually pay out 1%, some pay two, 3%, uh, some pay a half a percent or less.
Some don't pay anything at all.
Like the nonprofit lenders.
So our goal is to make sure that you get the best loan, uh, the lowest interest rate out there.