Results 1 to 13 of 13
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03-30-2023, 11:02 PM #1
- Join Date
- Feb 2023
- Posts
- 1
California Lenders
Looking for 1st/2nd position Cali lenders. Good files.
Thank you,
Boban
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03-31-2023, 08:08 AM #2
- Join Date
- Feb 2017
- Posts
- 3,463
Do you have a license? In which case, all the top-tier 1st position places do California. OnDeck, IOU, Bluevine, Kapitus, Rapid (if they're funding at all), GRP. If not, then you can also try PIRS and Smart Step. (Not sure about Wall.)
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03-31-2023, 08:11 AM #3
You can go through a super broker like Splash Advance. They have access to OnDeck, Fora, Channel Partners, Kapitus and only take 2% of the fee.
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.
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03-31-2023, 09:05 AM #4
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Yeah....that whole use somebody else's license will likely end once the regulators figure out people are renting their licenses.
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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03-31-2023, 09:23 AM #5Steve 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.
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03-31-2023, 09:46 AM #6
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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03-31-2023, 09:48 AM #7
Probably not enough business generated in CA to justify the effort:
In general, an applicant/licensee must:
Broker must have and maintain a $50,000 net worth; Lender/Broker must have and maintain a $250,000 net worth.
Obtain and maintain a minimum of $25,000 surety bond. The bond amount will be based on the amount of origination activities conducted by the licensee.
Have a history absent any criminal history or history of sanctions by any regulatory agency resulting from dishonesty, fraud or deceit.
Have a plan of business consistent with the business of finance lender.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.
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03-31-2023, 09:54 AM #8
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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03-31-2023, 09:57 AM #9
- Join Date
- Feb 2017
- Posts
- 3,463
It's not so hard to get the license. Not more than 6 hours of work. Then it costs $400 one-time and then around $800/year franchise tax and $100 per year for the foreign qualification, registered agent $50/year, plus the cost of the surety bond. (I may be a bit off, but not by much....) I should hope that a good broker has a net worth of at least $50,000, between their car and their home.
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03-31-2023, 10:00 AM #10
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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03-31-2023, 12:36 PM #11
- Join Date
- Nov 2019
- Posts
- 691
I do Cali and all positions as long as the merchant can afford the payment.
Scott Platto
scott@tmrnow.com
tmrnow.com
212-220-9872
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04-03-2023, 11:49 PM #12
- Join Date
- Sep 2016
- Posts
- 169
Unique is financing in California email me at irving@ufsfunding.com for more details
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04-04-2023, 04:05 PM #13
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 503
We fund in every state with no restrictions. Deal has to be based on the credit card processing volume (No ACH deals). We remit via direct split with several credit card processors and also offer Lockbox.
Jason H l Sales & Business Development
Quikstone Capital Solutions l Tampa FL
Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
Jason.Hausle@quikstonecapital.com
www.quikstonecapital.com
Direct Lender Since 2005
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