Q4 2016 Competitive Market Quiz

Your merchant is shopping. One of the ways to prevent them from doing this is to warn them about a hard inquiry on their credit. Which companies do a hard pull? Select all that apply.

A merchant is considering a renewal of their On Deck loan, but they are also considering a Swift advance that is 2 points lower with no origination fee. Swift Capital only offers merchant cash advances, whereas On Deck only offers term loans and lines of credit. What are three distinguishing factors between an MCA and a term loan?

A merchant can apply to Funding Circle and receive funds within a week.

True

False

A merchant tells you they have an 8% rate with Kabbage. What is the best course of action to take next?

Which of the following offers is structured like a 6 month Kabbage loan costin 20% in total interest?

16% paid in first two months, 4% paid over remaining 4 months

16% holdback percentage

Month 1 - 5%, Month 2 - 5%, Month 3 - 5%, Month 4 - 2.5%, Month 5 - 2.5%, Month 6 - 0%

3.33% each month

Which of the following is NOT true about a Kabbage loan?

Kabbage will fund up to $100K.

Kabbage will only approve a merchant if it means they can stack on an On Deck loan.

Kabbage will underwrite a PayPal account.

Kabbage will offer 12% over 12 months.

Q4 2016 Competitive Market Quiz

More Quizzes