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  1. #1
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    Quote Originally Posted by CreditGuy View Post
    We are a lender and will be closed both days. If you can't collect or fund, you might as well take the day off.
    But are you a 'lender', or a 'funder'? I am a 'funder', just like my name says.

  2. #2
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    Quote Originally Posted by Funder Mark View Post
    But are you a 'lender', or a 'funder'? I am a 'funder', just like my name says.
    Ha! Right on. Very important point that most people don't realize. We are definitely a direct funder (using our own money to fund, plus co-investor money) but we do not "lend". Very important distinction.

  3. #3
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    Quote Originally Posted by dpFund View Post
    Ha! Right on. Very important point that most people don't realize. We are definitely a direct funder (using our own money to fund, plus co-investor money) but we do not "lend". Very important distinction.
    So how are your deals legally defined? Are they loans, advances, or some other form of financing?

  4. #4
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    Quote Originally Posted by Funder Mark View Post
    So how are your deals legally defined? Are they loans, advances, or some other form of financing?
    The definition is "Funder" the purchase of future receivables.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    Office: 727-233-1111
    Skype: fc-financial

  5. #5
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    Quote Originally Posted by Funder Mark View Post
    But are you a 'lender', or a 'funder'? I am a 'funder', just like my name says.
    CreditGuy is usually on point doubt he made that mistake
    David Obstfeld
    Chief Executive Officer
    SOS Capital
    1330 Ave of the Americas, NY, NY 10019
    212-235-5455
    SOSCapital.com

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