Bartlett declined to specify how much money Plain Green generates for the tribe. But based on the 4. 5 to 5. 5 percent cut outlined in the agreement submitted in tribal court, Plain Green takes in about 7 cash advances are quizlet to 8 million a year. The rest goes to Think Finance and other third parties.
That appears to be relatively generous, as far as such arrangements go. Another Native American tribe has a revenue-sharing agreement with a different lending platform that gives the tribe just 1 percent of the profits, according to Bloomberg.
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