[willjacobs]

Hey Teams!

Looking for a transparent lender to fund all your deals no matter the State, Industry or Position number?
If so then The Citrus group is the lender for you!
We approve all deals including past defaults and clients with weak daily balances.
We work fast and completely in house.
We have a team of underwriters working with every file to make sure we can figure out a deal that is specially crafted just for them.
We offer a lot of flexibility to make sure that our clients are comfortable and taken care of!
If you need a bump or rate drop that is not an issue we would love to help.
I am looking to work with new teams and offering commission bonuses to all ISO'S!
I am available 24/7 to make sure no file falls through the cracks.

Feel free to call or email me directly anytime and we can start working together, my contact info is below.

I look forward to speaking with all of you!

[MrFund]

Funders that call themselves lenders .. exactly whats wrong with this industry

[willjacobs]

My apologies, it was just a term.

[Bcooper]

Funders that call themselves lenders .. exactly whats wrong with this industry

Let's be real here, the definition of lending is as follows, "the action of allowing a person or organization the use of a sum of money under an agreement to pay it back later". If MCA's did not require a legal loophole to operate it would be called a loan like any other debt product that is not a revolver. I love hearing the **** people to justify it not being a loan, in reality it's not a loan because if they called it that they would need a license.

[abfunders]

We have discussed this licensing issue here many times. Lending does not need a license!!!! Banks need a license because they're moving and storing money; that simultaneously allows them to lend over the maximum interest rate, which is why OnDeck has "loans," they are originated by a bank. Certain types of loans may need licensing. All states require a license for primary residences mortgages (brokers included), but some states also require it for non-primary residences (investment RE), and some will even require for hard money loans.

The point of an MCA is that it mostly feels like a loan and gets around the technical problem of usury, but you have to deal with reconciliation and potentially getting slow-paid, hence the rates are higher as compared to APR (which is not 100% fair, but I get where they're coming from). Yes, I agree, everyone would prefer to use the term "loan." The marketing has taken a life of its own and MCAs are a way to suspend the disbelief of the client that there's "there's no APR of 1000%, there's a factor rate 1.49." And loans, as I said yesterday, are required to be paid back, whereas MCAs have a out-clause (assuming there's no PG).

Therefore, there's both a legal and linguistic reason why it should not be called or referred to as a loan.

[willjacobs]

In all honesty it was just the term I used in the post, wasn't really how I meant it.

[Mh]

Guys stop! Will is going to get real citrusy if you continue slandering his business lending operations. Just stop it!!! Leave Will ALONE!!!

https://youtube.com/shorts/rLymkN9kBc8?si=q-mE4NqjqACxVshT

[willjacobs]

Thanks bro, you're a good guy. I'm just tryna create new partnerships.

[Mh]

Thanks bro, you're a good guy. I'm just tryna create new partnerships.

Yw i hope Bruce and Alex are grooming you well.

[willjacobs]

Who's Bruce and Alex?