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04-14-2016, 10:32 PM #1
Reputation points: 24139
- Join Date
- Apr 2014
- Location
- Washington DC
- Posts
- 421
Thanks Davis3003! Yes, this sounds right up our alley (assuming it meets our other funding guidelines) -- we fund a ton of low but predictable deposit businesses.
But like LoanMe said, this would have to be a for profit business (non-profits are restricted for us). But being paid by the state doesn't mean the business is non-profit. We have tons of deals similar to this (paid by state once or twice monthly) on our books.Last edited by Cfairbank; 04-14-2016 at 10:35 PM. Reason: Clarification for non-profit restriction
Carl Fairbank
Founder & CEO boldMODE
www.boldmode.com
Carl@boldmode.com
Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
www.breakoutfinance.com
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