A paper lenders that don't require CA license
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  1. #1

    A paper lenders that don't require CA license

    Hey guys,

    I have a connection with IOU for someone that has a CA license. I usually send these deals to BFS, Kapitus and On Deck.

    Tried signing up with Can Capital, but they never got back to me. (This was a while ago, so I will try again)
    https://dailyfunder.com/images/smilies/mad.png
    Reliant usually doesn't get back to me when I send them deals and I haven't closed one with them yet, so I'm not crazy about them.

    I am just looking to add on 2 - 3 more lenders to send my A paper clients to.

    I also use Loanme by the way

    Appreciate all the help in advance!

  2. #2
    Sad to hear that about Reliant. Reliant use to be good before it re-branded from Merchants Capital Access. Now that was a good company. The good ol' days.

    Try Credibily or Quarterspot

  3. #3
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Quote Originally Posted by JTS-MCA View Post
    Sad to hear that about Reliant. Reliant use to be good before it re-branded from Merchants Capital Access. Now that was a good company. The good ol' days.

    Try Credibily or Quarterspot
    Credibily and q spot both require CA license

  4. #4
    You can try GRP, they fund in CA as long as it is a loan and not a CC split.

    Reach out to Chris, his email is Clessard@grpfunding.com
    Avraham Sharaby
    Director of Business Development

    Fintap
    777 Passaic Ave, Suite 375
    Clifton, NJ 07012


    Phone: 973-500-6692
    Cell: 443-416-2765

    Asharaby@Fintap.com
    www.Fintap.com

  5. #5
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    Snap and Quikstone also do CC splits without CA license.

  6. #6
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    Thanks Micah. I can definitely assist as long as the deal is a credit card split. We direct split with (EVO Payments, Winstar Payments, Integrity, TSYS and Benchmark Merchant Services). We also offer LOCKBOX for those merchants who can't convert their processing.
    Jason H l Sales & Business Development
    Quikstone Capital Solutions l Tampa FL
    Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
    Jason.Hausle@quikstonecapital.com
    www.quikstonecapital.com


    Direct Lender Since 2005

  7. #7
    Veteran Reputation points: 135672 Chambo's Avatar
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    Amiran, you are asking a fund to bypass state law, just so you can make some money?

    You realize if they get caught, they could lose their license right? You really think you are THAT important to anybody?

    Just find an ISO with a Cali license, and co broker with them...or man up and pay the state fees to get licensed

  8. #8
    Quote Originally Posted by Chambo View Post
    Amiran, you are asking a fund to bypass state law, just so you can make some money?

    You realize if they get caught, they could lose their license right? You really think you are THAT important to anybody?

    Just find an ISO with a Cali license, and co broker with them...or man up and pay the state fees to get licensed
    What are you talking about? There are lenders that don't require there brokers to have a CA license.

    I was asking for a lender like this. And relax with the tough talk. I didn't come off like a dick and I don't talk like that on the internet

    Everyone knows people that talk like that are ***** and don't talk like that in person and if you do, then your a dick and you'll get smacked

  9. #9
    Thank you for your help everybody else

  10. #10
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    Quote Originally Posted by Amiran5 View Post
    What are you talking about? There are lenders that don't require there brokers to have a CA license.

    I was asking for a lender like this. And relax with the tough talk. I didn't come off like a dick and I don't talk like that on the internet

    Everyone knows people that talk like that are ***** and don't talk like that in person and if you do, then your a dick and you'll get smacked
    Don't make Marcus come here and spank you tough guy

  11. #11
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    Quote Originally Posted by abfunders View Post
    Snap and Quikstone also do CC splits without CA license.
    ab- my rep at snap just told me they need the license for both ach and cc now.. I tried to get them to compete with a principis cc split offer

  12. #12
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    The Principis offers are absolutely stunning, I don't think they'll you'll be able to compete anyway. A-paper offer I just got with a 1.33 sell rate, 523 days term, including 10 points, another up-sell possibility of 1.41 for 14 points. Snap's best rates at 18 months are 1.44, last I checked.

  13. #13
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    Quote Originally Posted by abfunders View Post
    The Principis offers are absolutely stunning, I don't think they'll you'll be able to compete anyway. A-paper offer I just got with a 1.33 sell rate, 523 days term, including 10 points, another up-sell possibility of 1.41 for 14 points. Snap's best rates at 18 months are 1.44, last I checked.
    They are unbelievable. 1.34 with 10 points in it 21%hb expected duration 511. stips are low too imo

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