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  1. #1
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    Franklin Financial Group job posting-personal guarantor

    Anyone ever see anything like this??
    "
    Full Job Description
    The Franklin Financial Group, Personal Guarantor/Credit Partner Program is open and accepting applicants.

    We have a strict pre-approval process, and not all candidates will qualify or can be accepted into this program. This role puts you in a significant position. We understand these are difficult times for so many people and we honestly believe we can help. Our goal is to provide people with excellent credit a passive income for the next 12+ months and beyond.

    The 2020 holiday season is here, but that does not mean you need to incur the financial stress of it. We can help pay for those holiday expenses and keep you on your feet.

    You will be paid a substantial sign on bonus up to $10,000 and referral bonus up to $5,000.

    Your salary will be determined based upon the funding capacity of your credit profile, which will range from $25,000 to $150,000+.

    What we do is pair people with EXCELLANT PERSONAL CREDIT 700+ to LLC’s that need help getting funding.

    In this role you will be a personal guarantor assisting in securing business loans and additional lines of credit for the business.

    This will NOT appear on your personal credit, We have Safe Guards in place to keep your credit Pristine.

    Most of the questions you have can be answered at www.franklinfinancialgroup.org under the “CFO Opportunity” tab.

    We understand that this opportunity may not be for everyone.

    Even if working with us is not for you, we may still be able to help by offering you a $5,000 referral fee for sending us someone who is interested.

    If you are interested or know someone who may qualify, please call us at 1-800-929-6710.
    "

  2. #2
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    This seems pretty straightforward. Anyone can be a PG for business credit cards. It's not fraud, because you don't have to be an owner of the company in order to apply for the credit cards or personal loans.

    However, I don't know how they are able to get traditional business loans without being the owner of an existing company, and the other owners have 10%+ ownership.

    The only way this makes sense as stated is through business credit cards. And they don't need the 0% APR ones if they're charging the merchant a high interest.

  3. #3
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    Quote Originally Posted by abfunders View Post
    This seems pretty straightforward. Anyone can be a PG for business credit cards. It's not fraud, because you don't have to be an owner of the company in order to apply for the credit cards or personal loans.

    However, I don't know how they are able to get traditional business loans without being the owner of an existing company, and the other owners have 10%+ ownership.

    The only way this makes sense as stated is through business credit cards. And they don't need the 0% APR ones if they're charging the merchant a high interest.
    unless they are making them the cfo with 10% ownership. They are calling it the cfo program

  4. #4
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    Still, being 10% ownership doesn't prevent the banks from looking at the other owners also.
    Making them a CFO would just make them an officer, but doesn't incur any ownership.

    On their FAQ:
    Will The Corporation Apply For Personal Or Business Lines Of Credit?
    Only business lines of credit.

  5. #5
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    Ahh yea business credit cards makes sense but right getting business loans or mcas requires the ownership to be proven and not just recently added, certainly not just 10%

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