Results 26 to 34 of 34
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03-13-2020, 04:56 PM #26
Reputation points: 14091
- Join Date
- Mar 2019
- Posts
- 253
Yup, a lot of merchants calling in to see what can be done with their loans.
EPIC ADVANCE
Mark@epic-advance.com
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03-13-2020, 05:12 PM #27
Reputation points: 895
- Join Date
- Feb 2020
- Location
- Anaheim, CA
- Posts
- 85
While we do have some temporary industry and state specific restrictions due to the global pandemic, LoanMe is still actively accepting & funding files. Feel free to reach out to business.loans@loanme.com if you have any questions.
Hang in there!
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Joel S Galasso
National Accounts Manager
Small Business Loans
Main: 949-535-7798 | business.loans@loanme.com
1900 S. State College Blvd. Suite 300 Anaheim, CA 92806
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01-21-2022, 11:39 AM #28
Reputation points: 3942
- Join Date
- Sep 2021
- Posts
- 190
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01-21-2022, 12:36 PM #29
Reputation points: 2198
- Join Date
- Feb 2017
- Location
- New Jersey
- Posts
- 29
Not going to lie...read this at 11pm last night in bed started having ptsd and checking the news on other websites thinking I missed some big development with Covid then I realized this guy replied to a 2 year old post...smh thanks for keeping me up all night
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01-26-2022, 12:20 PM #30
Reputation points: 10
- Join Date
- Jan 2022
- Posts
- 32
We are still funding but no more construction/trucking under 50k/mo for that reason.
We have no bank charter so have the freedom and flexibility to do logic-based underwriting. Call me directly and let me know what you need to get it done. We like to get funky305-306-3060
- A-/C+ paper (no high risk)
- 1-4 positions
- Monthly/weekly remittance
- Max Approval: $500k
- Max Term: 15 months
- Max Upsell: 13 pts
Send all deals to iso@capital-infusion.com, cc: josh@capital-infusion.com
Josh Waxman
VP Sales & Business Development
E: josh@capital-infusion.com
P: 305-306-3060
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01-27-2022, 09:55 AM #31
Reputation points: 86941
- Join Date
- Feb 2018
- Posts
- 1,349
are you saying those companies that use bank charters are handicapped by what they can do in UW? Do the banks they use also have to approve those files? I.E Web Bank, Celtic, Finwise, have to approve the approval of the MCA company? Curious how those contracts are drawn out between both parties because if the bank is holding the balance debt, I would think they do have a say in the deals in general? On the flip side, from a regulatory standpoint, they do insulate themselves from suits.
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01-27-2022, 10:02 AM #32
Reputation points: 31254
- Join Date
- Jul 2015
- Posts
- 211
I am pretty sure that the companies that use fed chartered banks just put the deal through the bank then buy it back the next day. So I wouldn't think they need to have it approved by the bank since its not sitting on their balance sheet for more than a few days at most. They are solely using the bank platform to skirt usury laws.
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01-27-2022, 11:04 AM #33
Reputation points: 86941
- Join Date
- Feb 2018
- Posts
- 1,349
^ how is that not regulated lol. How are these national banks "originating" loans? It's not their customer base. This is a total scheme.
https://crsreports.congress.gov/prod...f/LSB/LSB10512Last edited by fundingsmbs; 01-27-2022 at 11:18 AM.
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01-27-2022, 12:12 PM #34
Reputation points: 338265
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,472
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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