Summary
TAP Earned Wage Advances Sr. 2022-1 is a $1,000,000 loan offering structured as a senior position in Tarzana listed on Percent.
The issuer is Series of Cadence Group Platform, LLC (ticker TAP1 2022-1), organized in Delaware, offered under Rule 506(c).
The offering carries a stated rate of 9.5%, a term of 6 months, and a minimum investment of $500.
It is secured by Consumer Advances / Asset Based.
AltStreet tracks 6 other Percent offerings in Tarzana, with disclosed rates ranging from 9% to 9.5%, and across 1,133 tracked Percent offerings the median disclosed rate is 15%.
Terms shown here are drawn from direct platform disclosures and were captured by AltStreet on 2026-10-06. Figures are as disclosed at the time of the offering and are not updated for subsequent performance.
Disclosed Terms
- Offering amount
- $1,000,000
- Stated rate
- 9.5%
- Term
- 6 months
- Position
- Senior
- Minimum investment
- $500
- Collateral
- Consumer Advances
- Return type
- Interest
- Distribution frequency
- Monthly
- Tax document
- 1099-INT
- Status
- Exited
- Exemption
- Rule 506(c)
- Issuing entity
- Series of Cadence Group Platform, LLC (ticker TAP1 2022-1) (Delaware)
- Target return
- 9.5% APR
- Senior secured
- Yes
- Liquidity
- Locked
- Distributions
- Contractual
- Launched
- 2022-04-28
- Closed
- 2022-04-27
- Expected exit
- 2022-10-28
Terms as disclosed at the time of the offering. AltStreet does not update these figures for subsequent performance, and a disclosed rate is not a realized return.
Where It Sits in Percent's Book
Disclosed rate
9.5%
Above 6% of peers, median 15%. Low for the book.
Hold period
6 mo
Above 15% of peers, median 9 mo. Low for the book.
Compared against 1,080 other Percent private credit offerings with a disclosed rate. This offering is one of 102 Percent private credit offerings launched in 2022. A percentile places a disclosed term, not a result. Browse the full Percent book.
Terminal Analysis
Terminal analysis for this offering
Terminal access unlocks rate, LTV, and term percentiles against every tracked peer, 1,132 comparable offerings side by side.
Access full researchQuestions About This Offering
What is TAP Earned Wage Advances Sr. 2022-1?
TAP Earned Wage Advances Sr. 2022-1 is a $1,000,000 loan offering structured as a senior position in Tarzana listed on Percent. The issuer is Series of Cadence Group Platform, LLC (ticker TAP1 2022-1), organized in Delaware, offered under Rule 506(c). The offering carries a stated rate of 9.5%, a term of 6 months, and a minimum investment of $500.
What interest rate does TAP Earned Wage Advances Sr. 2022-1 pay?
The offering carries a stated rate of 9.5% over a term of 6 months, as disclosed at the time of the offering on Percent. Stated rates are not guaranteed returns; repayment depends on the borrower and the underlying collateral.
Who is the issuer of TAP Earned Wage Advances Sr. 2022-1?
The securities are issued by Series of Cadence Group Platform, LLC (ticker TAP1 2022-1), organized in Delaware. The offering relies on Rule 506(c), which permits advertising but limits sales to verified accredited investors.
When did TAP Earned Wage Advances Sr. 2022-1 launch and close?
The offering launched on 2022-04-28. It closed on 2022-04-27. The expected exit date is 2022-10-28. AltStreet records its status as exited.
What is the minimum investment for TAP Earned Wage Advances Sr. 2022-1?
The disclosed minimum is $500. Eligibility, availability, and the current status of this offering are determined by Percent, not by AltStreet.
Is TAP Earned Wage Advances Sr. 2022-1 still open to investors?
AltStreet's record shows the offering as exited. AltStreet tracks this offering from platform disclosures, last captured 2026-10-06. Offering status changes without a corresponding filing in many cases, so current availability should be confirmed directly with Percent before acting.
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