[bci]

I hear the terms Funders and Lenders used. Is there a distinction? Earlier I had thought a Lender is someone who is a more established organization who buys from ISOs and others and then sells them to others via a marketplace or directly. Whereas a Funder is someone, perhaps a smaller org or just an individual, who takes the ISO lead/customer and issues the loan out of his own pocket. Am I close? If so, they seem like quite different operations for each.

Thanks; appreciate any insights as I better understand the space.

[jfeinberg]

Funders= Cash advance, Advance on future recievables

Lenders= Loan Product, Actually Considered a loan

[MCNetwork]

Lenders = need to be a licensed lender in the states where they issue loans

Funders = don't need any license since they issue cash advances

[bci]

I see- got it, thanks!

[Cambridge]

Hate to be a ball breaker here but this is the Deal Bin, let's stick to the rules so that everyone here has a consistent experience, thanks!


Deal Bin Rules

This sub-forum is intended to best serve members who are seeking a home for their deal(s). Let the insiders and lenders come to you here. Post as much information about the deal as you can.

Do not publish an applicant's sensitive information such as their social security #.

Update: 10/1/14
Buyer Beware. DailyFunder does not authenticate forum members. Please conduct your own due diligence before engaging in any transactions or business relationships.


Update: 10/24/15 - Going forward all solicitors (whether selling a product/service or asking for deals) must disclose their physical address, phone number and company name. This can be visible in the post itself or on an accompanying website. If it's not on one or both, the post may be deleted and the user banned. Free e-mail addresses are highly discouraged.

This rule is being implemented to improve the user experience on the forum.

Exceptions may be granted but in general, please adhere to this policy.

[mcaguru]

I agree!

[bci]

Hate to be a ball breaker here but this is the Deal Bin, let's stick to the rules so that everyone here has a consistent experience, thanks!


Deal Bin Rules

This sub-forum is intended to best serve members who are seeking a home for their deal(s). Let the insiders and lenders come to you here. Post as much information about the deal as you can.

Do not publish an applicant's sensitive information such as their social security #.

Update: 10/1/14
Buyer Beware. DailyFunder does not authenticate forum members. Please conduct your own due diligence before engaging in any transactions or business relationships.


Update: 10/24/15 - Going forward all solicitors (whether selling a product/service or asking for deals) must disclose their physical address, phone number and company name. This can be visible in the post itself or on an accompanying website. If it's not on one or both, the post may be deleted and the user banned. Free e-mail addresses are highly discouraged.

This rule is being implemented to improve the user experience on the forum.

Exceptions may be granted but in general, please adhere to this policy.

Got it, my mistake.