Funding Circle Hook Up
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  1. #1

    Funding Circle Hook Up

    Hey guys, does anyone have a connection at Funding Circle?

    I heard they don't work with brokers, but I wanted to double check because I keep running into clean clients that are looking for that type of deal.

    Thank you guys!

  2. #2
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
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    4,318

    There are a few Brokers they work with still. Going to have to cobroker with them.

  3. #3
    Quote Originally Posted by WestCoastFunding View Post
    There are a few Brokers they work with still. Going to have to cobroker with them.
    That is what I am looking for - Is there anyone on here that can help me with that?

  4. #4
    Senior Member Reputation points: 62986
    Join Date
    Apr 2015
    Location
    Louisiana
    Posts
    299

    I am interested also. I used to work with them but didn't have their volume requirement. I have what seems like a good fit. 659 FICO, DSCR of 1.96 calculating a 5 year term at 18.99. I have all the financials etc if a senior member would be interested in partnering with me on this.
    Last edited by sigmundpannu; 08-23-2019 at 06:22 AM.

  5. #5
    Senior Member Reputation points: 1393
    Join Date
    Apr 2013
    Posts
    359

    Good luck. Took stellar A paper deals to them they never funded. Between them and On Deck, I have no interest. On Deck is raising small little increments of emergency capital ($40,000 lol) ... I think they're starting to feel the heat fro treating their brokers like crap: SEND US 4 GAZILLION DEALS OR YOU'RE TOAST!!!

  6. #6
    Senior Member Reputation points: 44171
    Join Date
    Aug 2017
    Posts
    405

    Not a good idea to send deals to fundation or funding circle. A couple years back when I worked at a larger iso shop, we used to get all their declines.

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