What do people think of Paintbrush?
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4.6/5All time (10 reviews)
1/5
Recently (0 reviews)11 Reviews
Walk me through the worst-case scenario. I borrow $50K, quit my day job, but my new venture never gets going. I finally run out of cash in the middle of a recession, and have trouble landing a new job, and when I do, it doesn't pay as well as my old one. Does Paintbrush garnish my wages? Try to take my house? Sell the debt to a collection agency?
Stephen Walter@stephen_walter5
Nope, Paintbrush does not garnish wages or have to take your house.
The Paintbrush Loan includes a provision for just this scenario, we call it the income-driven repayment. Using income as a guidepost to generate a repayment plan that pauses in the case of unemployment, or underemployment.
You can read more about it here, but what it means is that Paintbrush Loan recipients are not punished for taking the risk of starting a new business.
https://support.getpaintbrush.co...
Fantastic question thank you Gregory.
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Awesome product and offer so much security of mind. Cool idea to have the income-driven guarantee so if your business fails you know they aren't coming for your house.
The market and business need all of resources possible for funding without hassle.
It is a truly unique platform providing access to the earliest possible venture funding.
Supporting people’s the intention to create is the best deed ever)
It looks interesting, the questionnaire is easy and gives you legit results quickly. Congrats, this can be really helpful to a ton of founders. Note for other founders: it's for your US only.