Author Topic: Loan  (Read 102 times)

Dharma

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Loan
« on: July 10, 2018, 12:04:07 pm »
How does the loan system works ?
My revenue is positive, but I cannot ask for a loan.

postl

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Re: Loan
« Reply #1 on: July 10, 2018, 12:36:44 pm »
I've been revenue positive, barely, for about a day but just started getting loans offered this morning. Without looking through the source I'd guess there's some reputation or revenue history component. It may also be looking at cash flow (so net income less any existing loan paybacks).

patson

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Re: Loan
« Reply #2 on: July 10, 2018, 12:45:27 pm »
I don't remember the actual source code...im at work now so no time to look at it ;)

But as a quick reply (and if my memory serve me right):

It's determined by your asset + your profit last month - your existing liability (mostly existing loan)

Dharma

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Re: Loan
« Reply #3 on: July 10, 2018, 01:37:06 pm »
OK, thanks for the quick reply !
Would love to have the definitive answer to this as soon as you get the chance to look !

patson

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Re: Loan
« Reply #4 on: July 11, 2018, 03:23:17 am »
The bank would roughly loan u 20% of ur asset + projection of 2 year profit (based on your last month's profit) - ur liability (existing loan etc)
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