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12-23-2014, 09:41 AM #1
- Join Date
- Nov 2014
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- 71
Required Licenses
What states do most direct lenders have licenses in? Are licenses required at all? It seems as though everyone has a different opinion on it.
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12-23-2014, 07:52 PM #2
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- Nov 2014
- Posts
- 71
Does anyone have any input on this?
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12-23-2014, 09:03 PM #3
If you're just buying future sales, get a license to lend in California. That state is trouble. If you're doing loans, hire lawyers with experience to guide you here.
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12-24-2014, 10:27 AM #4
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- Jan 2013
- Posts
- 151
Required Licenses
MCC is still doing future receivable sales in CA without a license
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12-24-2014, 11:53 AM #5
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- Jul 2014
- Posts
- 128
Required Licenses
Don't tell anyone CashGuy
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12-24-2014, 11:54 AM #6
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- May 2014
- Posts
- 317
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12-25-2014, 03:38 AM #7
- Join Date
- Jan 2013
- Posts
- 151
And why do you think it makes all that difference.
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01-29-2015, 01:17 AM #8
- Join Date
- Jan 2015
- Posts
- 11
What license are required for ISO in Cali? Or becoming a broker?
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01-29-2015, 06:28 AM #9
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01-29-2015, 11:27 AM #10
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01-29-2015, 01:12 PM #11
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01-29-2015, 01:13 PM #12
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01-29-2015, 02:10 PM #13
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01-29-2015, 05:56 PM #14
a set daily indicates a term which indicates a loan, derp
there are some companies using banks that have lending licenses in cali, sell them the factor agreement (debt) for maybe 5-10% and then they sell it back to you.
and i am sure thats exactly what MCC does, because thats exactly what a few other grade a's do.Anthony Diamond
Underwriter
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01-29-2015, 07:21 PM #15
- Join Date
- Jan 2015
- Posts
- 11
So is it safe to assume it is a risky venture to be based of California. And would you advise against it?
And if one were to endeavor a business based in Cali what should one watch for?
Any advise is greatly appreciated. You may also PM your advise and suggestions
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01-29-2015, 07:36 PM #16
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