How do you become a "Funder"? Step by Step Guide request
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  1. #1
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    Quote Originally Posted by mca2150 View Post
    Obviously there is no easy answer to this. What type of financing, what type of businesses are you targeting. Then factor in sales, development, tech, accounting, servicing, underwriting, collections, marketing, investors, legal, etc etc. It takes a lot of capital to start a real MCA funder and become successful. If you want to avoid the mess of starting up an entire company, then I'd suggest looking into peer to peer lending.
    Some great info to unpack! Thanks.

    To get a better understanding regarding "Types of Financing".. I found what I think is a good detailed explanation on the diffrent types of financing at https://www.typesof.net/a/types-of-f...th-explanation

    You also mentioned Peer to Peer Lending. So one should have an understanding of exactly what that is.. I found a good explanation on what Peer to Peer lending is, and how it works at https://www.creditkarma.com/personal...o-peer-lending

    A list of Peer to Peer platforms and what their borrowing and investment requirements can be found at https://www.moneyunder30.com/peer-to...-and-investors

    I get offers to borrow from those peer to peer companies all the time, I had no idea that I could lend them my own money to lend out to people! I see some of their minimum investments is very low... I am going to take a serious look in placing some capital with some of those peer to peer companies! Great Info!
    Last edited by Winning; 06-22-2021 at 10:03 AM.

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