Funding a Residential Loan company - best lender for this industry
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  1. #1

    Funding a Residential Loan company - best lender for this industry

    100k deposits
    20-40k average daily balance
    750 credit
    In business for 8 years

    Zero balances

    Best lender for this industry type?

  2. #2
    Senior Member Reputation points: 226466
    Join Date
    Feb 2017
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    3,407

    Best lender is a bank.
    You'll make the most money with a B-funder.
    How do you monetize? Email me, I'll be able to help you figure out how to do that and give you the right people to speak with.

  3. #3
    Is there any lender in the MCA industry that would fund this company or is it restricted throughout?

  4. #4
    Senior Member Reputation points: 27404
    Join Date
    Dec 2015
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    Texas
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    Quote Originally Posted by WallStreetFunder1 View Post
    Is there any lender in the MCA industry that would fund this company or is it restricted throughout?
    do they have a business checking account?

  5. #5
    Noob Reputation points: 10
    Join Date
    Nov 2018
    Location
    Irvine, CA
    Posts
    1

    What exactly are they looking for and for what? You should be able to attain better pricing for Balance on Hand since they average 20-40 in the account just make sure they have the most applicable on the funding date.

  6. #6

  7. #7

  8. #8
    There has to be one lender in this industry accepting this
    Last edited by WallStreetFunder1; 02-26-2019 at 12:43 PM.

  9. #9
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
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    A-grade paper for a residential loan company? How does that even work anyway? I’m assuming the $100K that comes into their account has slim margins. And if the fact a loan company is seeking a MCA? Yikes.

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