Results 1 to 11 of 11
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03-06-2024, 06:39 PM #1
- Join Date
- Nov 2018
- Posts
- 24
Best banks to use as a lender 2024
As a write this a buddy of mine just got turned down by metropolitan when he told them that he planned on using the account to FUND
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03-06-2024, 06:47 PM #2
- Join Date
- Oct 2022
- Posts
- 291
The bank that doesnt go insolvent
Elon Henek
HCI - Glen Cove, NY
Main: 1-516-676-1854
Cell: 1-516-236-4086
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03-07-2024, 09:49 AM #3
- Join Date
- Feb 2024
- Posts
- 1
Metro stopped MCA and Crypto after their prepaid cards lawsuit and fine
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03-07-2024, 10:08 AM #4
- Join Date
- May 2019
- Posts
- 15
Optimum Bank is a small bank based out of South FL that specializes in working with MCA lenders. They were at the Funders Forum event.
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03-07-2024, 10:16 AM #5
have heard thru the grapevine that svb is still pretty hands off when it comes to the industries they provide banking to
Optimum for sure too
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03-07-2024, 10:21 AM #6
- Join Date
- Mar 2023
- Location
- Miami
- Posts
- 40
Optimum is great, speak to Giovanni GCumberbatch@optimumbank.com
Moe Braun
Rocket Capital
(C)848-318-2598
(O)786-937-3556
Moe@rocketcapllc.com
http://rocketcapllc.com
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03-07-2024, 10:30 AM #7
- Join Date
- Feb 2017
- Posts
- 3,450
I forgot to mention Optimum, but only because I haven't used them yet. Tons of funders are using them, and from what I hear they're pretty pro-MCA.
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03-07-2024, 11:38 AM #8
- Join Date
- Oct 2021
- Posts
- 223
Bank United
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03-11-2024, 10:32 AM #9
- Join Date
- Feb 2019
- Location
- FL
- Posts
- 95
When it comes to small banks, it may be worthwhile taking 5 minutes to look at their financial statements and figure out if they have high exposure to a single asset class such as CRE. This should only be an issue if you plan on having 250K or more on hand....
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03-11-2024, 01:48 PM #10
- Join Date
- Dec 2021
- Posts
- 637
I met the Optimum guys ..seems like even the chairman of bank is very hands on..as per the exposure topic -- will leave it to the Zalmans of the world to guide the industry...
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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03-11-2024, 02:45 PM #11
- Join Date
- Feb 2019
- Location
- FL
- Posts
- 95
Unless I'm reading this wrong, they've got a 62% exposure to commercial real estate.... Good bank and good people but this is a risk factor that should not be ignored.
You can download their 10K here https://optimumbankholdings.q4ir.com...ingId=17354312
Screenshot 2024-03-11 2.41.55 PM.png
But then again, I'm just the Zalman's of the world so what do I know.
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