Lending Club Bank Account
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  1. #1
    Senior Member Reputation points: 11927 FUND3R1's Avatar
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    Lending Club Bank Account

    I got a merchant who has a lending club bank account - anyone know who funds?

    **Please do not PM me**
    Last edited by FUND3R1; 11-04-2021 at 11:16 AM.
    FUND3R1

    "Everyday is a bank account, and time is our currency. No one is rich, no one is poor, we've got 24 hours each. --Christopher Rice"

  2. #2
    Senior Member Reputation points: 73139 Olderguy's Avatar
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    Quote Originally Posted by FUND3R1 View Post
    I got a merchant who has a lending club bank account - anyone know who funds?
    Is it business or personal - I think they do both. If business, yes....if personal...then personal loan.
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  3. #3
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    Lending Club bank merged with Radius and they don't do personal loan anymore as of end of 2020.

    BTW, Brex is an amazing situation. Not really a bank, but has all of the amenities and free wires/ACH. You should sign up also. Use an invite link and we both get $250 Amazon gift card once you spent $1000 on their charge cards, along with another 20,000 points that you can use for Amazon as well. http://brex.com/signup?rc=CtC3m0L&src=c
    Brex is a division of Lending Club
    (yes Dave, this is a promotion, but mainly I'm answering the question)

    There's a lead generator on the forum who signed up with my link, and he is now using it to monetize some of his leads who don't have business bank accounts.

  4. #4
    Doubt you'll have much luck w/judgment compliance serving them on a default account though

  5. #5
    Senior Member Reputation points: 11927 FUND3R1's Avatar
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    Quote Originally Posted by TheUnderwritingProdigy View Post
    Doubt you'll have much luck w/judgment compliance serving them on a default account though
    Good Point, didn't even think of that.
    FUND3R1

    "Everyday is a bank account, and time is our currency. No one is rich, no one is poor, we've got 24 hours each. --Christopher Rice"

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