[HDF]

I am only few years into this industry so forgive naive question. I know there is no barrier for entry but don't lenders need proven platforms to stay organized syndicate, have some type of capital minimum requirement even before calling themselves a lender? How do new lenders literally just pop up by the hundreds daily? I don't get it. No history or experience in the business and just say yea they are a lender now. I am stating this question because I just had a conversation with lender trying to sign us up...I will keep their name off this not trying to drag them but had no lending experience 3 guys not one of them with MCA experience but were they were very successful in their respective fields according to them and decided to say ok lets join our money together and start lending? is it really that easy?

Well, if my spam box is any indication, someone is making money selling ISO data big time. That breaks down at least one barrier.

Also, small new funders seem to be backed by at least one "experienced" player and basic bones, affiliate or framework. Unseen or not.

Files sent to these newbies end up god-knows-where. But as Chris Rock famously said: "A guy is only as faithful as his options."