1) The banks have to predict your income through the life of the loan in order to assess your ability to repay. Because banks do not have a long history of data sets on Substack revenue or other creator based content, both across borrowers and through time, they probably can’t predict your income with the same level of certainty as they can for... See more

Right now in the creator space, the closest thing to this model is in the upfront advances that more and more big platforms are paying creators to join and produce content. Substack, Clubhouse, Snapchat, Facebook, YouTube, and others all pay cash advances to creators in the hopes that they then generate even more revenue for the platform. So far,... See more

Since registering, Twitch streamers who have been rejected for business cards twice have accessed lines of credit. A Vlogger with more than 8M followers can now purchase a car and receive financing. And a festival headlining musician who previously needed a parental co-sign is now building their own Karat credit file. Overtime, Karat will become... See more