Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Alibaba to U.S. firms: Secure a loan through us
wfmz ^ | 2-3-2015 | Sophia Yan

Posted on 02/02/2015 11:41:30 PM PST by Citizen Zed

Need a loan? No problem -- if you're doing business on Alibaba.com.

Tech darling Alibaba has partnered with U.S.-based Lending Club to make it easier for American businesses to buy from Chinese suppliers.

The program will let small businesses in the U.S. "apply in under five minutes" for a loan of up to $300,000 toward purchases from suppliers on Alibaba's wholesale e-commerce platform. Interest rates can be as low as 0.5 percent.

(Excerpt) Read more at m.wfmz.com ...


TOPICS: Chit/Chat
KEYWORDS:
I wonder if I can refinance my mortgage with Alibaba?
1 posted on 02/02/2015 11:41:30 PM PST by Citizen Zed
[ Post Reply | Private Reply | View Replies]

To: Citizen Zed

http://www.wfmz.com/lifestyle/money/alibaba-to-us-firms-buy-now-pay-later/31063054


2 posted on 02/02/2015 11:50:24 PM PST by Star Traveler (Remember to keep the Messiah of Israel in the One-World Government that we look forward to coming)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Citizen Zed

Thanks, but no thanks.


3 posted on 02/02/2015 11:57:37 PM PST by Bobalu (Programming is the art of adding bugs to an empty text file)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Citizen Zed

The way the Chinese loan sharks are twisting Congress’ arms to ban guns in the US, no thanks.


4 posted on 02/03/2015 12:18:45 AM PST by lavaroise (A well regulated gun being necessary to the state, the rights of the militia shall not be infringed)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Citizen Zed

This is the result of Dodd/Frank and Elizabeth Warrens consumer protection crap. Small banks are disappearing under regulatory over kill opening up a key lending segment to the Chinese and others off shore


5 posted on 02/03/2015 2:57:42 AM PST by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Citizen Zed

You know you are near the top of a boom (as in boom-bust) when distributors offer to carry the unsecured debt of their retail outlets. This signal is even louder given the low rate of interest.

The feature of this particular offer to make note of is that in this case the cheap money is courtesy of the equity markets, which in turn are funded by government money-printing, like the Fed’s support of share prices. But in this cycle, the money-printing is coordinated by many central banks, the US, China, Japan, Europe. This amplifies both the boom and the bust. When the economy breaks and heads down, it will go around the world. There will be weeping and gnashing of teeth.


6 posted on 02/03/2015 3:48:20 AM PST by theBuckwheat
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson