Results 1 to 12 of 12
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05-23-2018, 02:15 PM #1
- Join Date
- Jan 2015
- Location
- Laguna Beach
- Posts
- 463
Funding Circle underwriting/funding time expectation
I'm hearing that Funding Circle is very very very slow in underwriting right now. Can someone please confirm how their service has been recently? Are they funding deals within a reasonable time frame? Thanks!
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05-23-2018, 03:04 PM #2
right now they are always slow
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05-23-2018, 03:39 PM #3
- Join Date
- Feb 2018
- Posts
- 1,349
slower than mca, but, given they do 2-4 year terms and monthly's, you would expect a slower process.
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05-23-2018, 03:51 PM #4
- Join Date
- Jan 2015
- Location
- Laguna Beach
- Posts
- 463
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05-23-2018, 04:28 PM #5
Which broker/partner shops still have access to them?
Or are you talking about retail channel?Jonathan Kohanoff
B.R.E. #01962090
Diamond Business Loans
Beverly Hills, CA 90211
jon@diamondbl.com
www.DiamondBL.com
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05-23-2018, 04:40 PM #6
- Join Date
- Jan 2015
- Location
- Laguna Beach
- Posts
- 463
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05-23-2018, 04:58 PM #7
I think only a handful are still on board... but haven't seen or heard who they are -
Jonathan Kohanoff
B.R.E. #01962090
Diamond Business Loans
Beverly Hills, CA 90211
jon@diamondbl.com
www.DiamondBL.com
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05-23-2018, 05:36 PM #8
- Join Date
- Feb 2018
- Posts
- 1,349
they don't need brokers. just like kabbage doesn't need, square, amex, etc. they have the investors, product, direct sales team, why bother with inflated costs of acquisition if they don't need it or the risk of higher defaults with stacking behind those loans.
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05-24-2018, 02:09 PM #9
Do they accept broker?
Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
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05-24-2018, 06:26 PM #10
- Join Date
- Mar 2017
- Location
- Nunya
- Posts
- 830
No
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05-30-2018, 12:04 PM #11
- Join Date
- Feb 2018
- Posts
- 1,349
they brought in the former paypal executive who led the acquisition of swift capital to run the ship. they have big plans to open a Denver office and add a lot of staff in the coming months/years.
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05-31-2018, 03:45 PM #12
- Join Date
- Nov 2014
- Posts
- 438
LoanMe Business
949-535-7798
Email: Business.Loans@LoanMe.com
www.loanme.com/SBL-partner
1900 S State College Blvd. Suite 300
Anaheim, CA 92806
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