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01-26-2016, 04:31 PM #1
- Join Date
- May 2015
- Location
- NC
- Posts
- 208
1) Isn't your max loan size of $250k only offered in California?
2) Must the broker also have a California lender's license in order to receive commissions from California merchants referred to LoanMe?
2) Isn't your max loan size outside of California (approved states) $75k?
Just seeking further clarification.
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01-26-2016, 05:19 PM #2
- Join Date
- Nov 2014
- Posts
- 438
1.) Yes. We launched the premier product at the end of November in CA only (for now). This gives premier borrowers 14.9%-24.9% loans all with 120 month terms. Loan amounts for this premier product is $76,000 to $250,000
2.) Yes. In order for LoanMe to compensate brokers for CA funded files. Brokers must have either a California Finance Lenders License or Real Estate License through the California D.R.E.
3.) Yes. For now. See #1LoanMe Business
949-535-7798
Email: Business.Loans@LoanMe.com
www.loanme.com/SBL-partner
1900 S State College Blvd. Suite 300
Anaheim, CA 92806
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01-26-2016, 09:38 PM #3
- Join Date
- May 2015
- Location
- NC
- Posts
- 208
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01-27-2016, 03:12 PM #4
- Join Date
- Nov 2014
- Posts
- 438
No problem Rick. If you or anyone else would like to see amounts/terms/rates on a state by state basis, they are published on our website.
Here is the exact link: https://www.loanme.com/smallbusiness/Rates
Simply select the state to see minimum and maximum loan amounts. Any borrower that is pre-qualified, approved and funded by LoanMe for a small business loan will fall into one of these set categories and tiers. Site is updated as new programs are added.LoanMe Business
949-535-7798
Email: Business.Loans@LoanMe.com
www.loanme.com/SBL-partner
1900 S State College Blvd. Suite 300
Anaheim, CA 92806
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01-28-2016, 02:44 PM #5
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01-28-2016, 08:31 AM #6
- Join Date
- Feb 2015
- Posts
- 14
http://www.consumerfinancialserviceswatch.com/2015/11/some-california-lenders-may-now
LoanMe: Thank you for making yourselves available to the forum for response to inquiry. To that regard, and as to the above statement No. 2: Is LoanMe's policy to refuse unlicensed broker referrals on California funded erroneously based upon a mistaken impression that such unlicensed referrals remain in violation of California law?
Is LoanMe aware that California Governor Jerry Brown signed legislation authorizing lenders such as LoanMe to accept these very referrals from and to specifically compensate brokers for such referrals, effective January 1st, 2016?
LoanMe: as I think and dictate this reply, a thought comes to mind. That is, may this inquiry constitute bizzcash.com's official request to LoanMe, on presumptious behalf of brokers wishing to offer LoanMe business cash advance product in California, that LoanMe re-examine this issue and reconsider its prohibition on compensating brokers for referrals of California funded; just as the state of California re-examined and reconsidered this self same issue, with California government ultimately coming to the conclusion that brokers were a vital and vibrant contributor to the local financial industry and deserve to be properly compensated. No licensing is required.
Please review the following: http://www.consumerfinancialservices...erral-sources/bizzcash.Com
BUSINESS CASH ADVANCE
(Our Business Is Funding Business™)
855.894.6688: Direct
855.817.1231: Facsimile
www.bizzcash.com
info@bizzcash.com
Are You In The Market For Money?!™[/B]
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01-28-2016, 08:56 AM #7
- Join Date
- May 2015
- Location
- NC
- Posts
- 208
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