Hacker Read

bendbro · 2019-12-18 13:12:09

So it's not a loan

antihero | karma 7087 | avg karma 2.23 · | 2021-03-12 17:36:45+00:00

So it's a loan?

sanxiyn | karma 14687 | avg karma 3.61 · | 2018-05-07 06:32:55+00:00

It's an investment, not a loan.

arrowsmith | karma 1548 | avg karma 2.64 · | 2024-06-11 10:03:18

So in other words, not like a loan?

sjg007 | karma 6164 | avg karma 0.98 · | 2012-12-10 18:36:57+00:00

It's not a loan, it is the remainder of the investment.

gcatalfamo | karma 1773 | avg karma 3.2 · | 2018-11-09 00:37:57+00:00

Dude, it’s a loan.

ikeboy | karma 14321 | avg karma 2.95 · | 2019-05-10 06:16:54+00:00

They have a bank backing the loans anyway, it's not their own cash.

pikachu_is_cool | karma 573 | avg karma 1.76 · | 2014-01-11 08:02:12

....that's called a loan.

richardwhiuk | karma 4385 | avg karma 2.6 · | 2019-08-06 20:32:34+00:00

That's essentially a free loan.

goatinaboat | karma 2889 | avg karma 1.39 · | 2020-03-31 06:26:50

Why would it? It’s not a loan.

givemeethekeys | karma 2276 | avg karma 2.75 · | 2022-02-16 14:42:28

Isn't this what loans are for?

pjc50 | karma 93685 | avg karma 3.72 · | 2023-03-17 06:58:12

It is a loan! Well, a deposit.

perseusprime11 | karma 2287 | avg karma 1.62 · | 2019-09-20 18:02:36+00:00

Isn't this just an overnight loan?

onlyrealcuzzo | karma 13783 | avg karma 3.37 · | 2023-03-19 22:22:02

It's a loan like PPP was a loan.

Sure, technically, but substantially different from how loans usually work...

rightbyte | karma 9157 | avg karma 1.83 · | 2021-02-23 20:17:52

Sounds like a loan?

ThrustVectoring | karma 9303 | avg karma 3.4 · | 2017-04-26 17:33:35+00:00

The loan is secured by the assets purchased, it's not unsecured.

hcurtiss | karma 808 | avg karma 1.0 · | 2021-01-13 06:38:05+00:00

I’m betting it was styled as a loan for tax purposes.

wdr1 | karma 1973 | avg karma 2.55 · | 2020-03-29 00:55:19+00:00

Why not just make it a loan?

rayhendricks | karma 409 | avg karma 1.92 · | 2020-09-07 12:47:01+00:00

No it isn’t. It’s just doing business see https://www.nolo.com/legal-encyclopedia/whats-the-difference... you can walk away from a mortgage and lenders are not allowed to go after personal assets.

toast0 | karma 25207 | avg karma 2.17 · | 2019-01-05 21:57:31

It's an automobile loan; car, truck, van, whatever. (Often not a motorocycle or watercraft)