[boban69]

Looking for 1st/2nd position Cali lenders. Good files.

Thank you,

Boban

[abfunders]

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.)

[Olderguy]

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.

[Kevin Henry-Seacoast]

Yeah....that whole use somebody else's license will likely end once the regulators figure out people are renting their licenses.

[Olderguy]

Yeah....that whole use somebody else's license will likely end once the regulators figure out people are renting their licenses.

Yeah but in the meantime it works and how long will it take the "regulators" to act I wonder?.....

[Kevin Henry-Seacoast]

Yeah but in the meantime it works and how long will it take the "regulators" to act I wonder?.....

Probably sooner than later and will likely penalize those that used/participated in the practice. What's so damn hard about doing business the right way???

[Olderguy]

Probably sooner than later and will likely penalize those that used/participated in the practice. What's so damn hard about doing business the right way???

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.

[Kevin Henry-Seacoast]

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.

If you can't meet the requirements don't conduct business there. Again, what's so hard about doing business the right way........ In a million years I would not rent out ANY license to ANYBODY.

[abfunders]

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.

[Kevin Henry-Seacoast]

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.

Or be able to pass a background check.........

[closer129]

Looking for 1st/2nd position Cali lenders. Good files.

Thank you,

Boban

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

[Irving]

Unique is financing in California email me at irving@ufsfunding.com for more details

[Jason Sterling]

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.