Funder who will fund a personal account
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  1. #1

    Funder who will fund a personal account

    Does anyone know of a funder who will use a personal account in underwriting. I have a merchant looking for $15k, who deposits most of their income into a personal account. They're set up as a 1099 independent contracor, and the Fortune 500 companies they deal with have always funded their personal account. Any ideas?

  2. #2
    Senior Member Reputation points: 1322
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    Jun 2014
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    using a personal account makes it a personal loan and no company doing ACH debits will process them

  3. #3
    Member Reputation points: 131
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    Rosa is a fraudster.

  4. #4
    Senior Member Reputation points: 8592
    Join Date
    Oct 2014
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    Golden Pear. As long as they are a sole prop and not an LLC, they will fund and debit a personal account. I have funded one their myself

  5. #5
    Senior Member Reputation points: 52185 ADiamond's Avatar
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    Apr 2014
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    Have them register a fictitious name and set up a sole prop/personal acct.
    Anthony Diamond
    Underwriter

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