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06-10-2015, 07:32 PM #1Member
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Are there restrictive states for lending?
I noticed that CAN Capital and one other funding company now ask for State on 1st page of lead form. Are there some states that lenders are pulling out of due to regulatory concerns>
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06-11-2015, 09:09 AM #2Member
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Nevada and Montana can be restrictive. Both states require a brick and mortar location for lenders who do business in that state.
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06-11-2015, 01:16 PM #3Veteran
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Is this a new policy? I thought web bank charter allowed all 50 states
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06-11-2015, 01:20 PM #4Veteran
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I haven't heard anything about a change in policy with those states with any banks.. When did this go into affect
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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06-11-2015, 02:40 PM #5Member
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I'm not really sure. There's a few lenders who won't touch those states for that reason.
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