[MCAVeteran]

it is a good point, however, if you rely on licensing in each state, you will find that there are 10+ states that will not work, limiting your loan product to certain states only. unless there is another way to avoid usury, you have to go through a chartered bank. That is why some companies who are carrying a loan product cannot lend in states such as TX and FL to name a few.

also, on the earlier post, Web Bank is indeed an FDIC.

http://www.webbank.com/

[Capital Stack]

good find, i stand corrected thought that charter was different than an fdic