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09-01-2021, 09:32 AM #1
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Barbarag;
Banks offer lines of credit with strong FICO scores- in many instances- to get depositors. Depending on the clients location, we work with several large footprint banks that do this for us and themselves.
We posted yesterday about this-
While Idea and others (Headway, BlueVine et al) do this, the cost of capital from an APR perspective is HIGH.
richard@bccusa.com
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09-02-2021, 01:47 PM #2
- Join Date
- Aug 2021
- Posts
- 69
Hello,
We have a Line of credit product that we can provide. I need a tri merge credit report with a 680 credit score across all three bureaus. We pay 2.5% of the total amount funded at the beginning of the relationship with room to gain more percentage points. Give me a call or shoot me an email. Looking forward to helping.
Brandon Dressler
brandon@preferredfundinggroup.com
815-878-0244
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09-05-2021, 05:33 PM #3
- Join Date
- Mar 2016
- Posts
- 186
Yea but Headway and Idea is unsecured to the best of my knowledge and takes 1-2 days to fund. Additionally, they would do smaller amounts. I can't imagine your banks would fund a client doing 30K a month etc...correct me if I'm wrong but I think the two LOC's (fintech firm vs. banks) solve issues for different types of clients.
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