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Going cap in hand to an angel investor for every £10k loan is not viable. And they don't have the levels of cash needed for this. Why not use banks for this as
by robertlagrant 3y ago
Going cap in hand to an angel investor for every £10k loan is not viable. And they don't have the levels of cash needed for this.
Why not use banks for this as well?
- Retric 3y agoGet rid of Banks and many different things change. Some wealthy investors would setup a lending operation using their own cash, based on historical examples of such. They would however need to charge higher interest rates than banks because they would be more capital constrained.