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04-19-2017, 09:00 PM #1
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Anyone heard of CFPI?
Saw their daily debits on some statements. Anyone familiar with them whether they're an MCA or a debt relief company?
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04-19-2017, 09:22 PM #2
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04-20-2017, 11:33 PM #3
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Really no one's heard of them? Saw that they funded one of our files 24.5k paying back 129/day for what I'm guessing is a term at or even above 12 months. That's a pretty competitive term (and perhaps low rate) especially given this merchant's situation (home-based contractor, 10ish deposits, a bit overleveraged).
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04-21-2017, 07:55 AM #4Karen37aGuest
Citigroup Financial Products Inc...they do loans, insurance , securities asset management
they primarily focus on agriculture, manufacturing and real estate though...so I am not 100% sure.
previously Salomon bros
They could have took a loan against securities but I doubt its prime brokerage.Last edited by Karen37a; 04-21-2017 at 10:44 AM.
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04-21-2017, 12:26 PM #5
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I believe they are a new funding company, Channel Funding Partners.
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04-21-2017, 01:25 PM #6Karen37aGuest
I would lean towards Andys answer because I cant see it being likely that a home based contractor would have a prime account...never say never though. He could be a millionaire sitting in his house with money in stocks and bridged a construction project or did some type of real estate swap and is temporarily cash poor
When you find out the answer id be curious to know it.Last edited by Karen37a; 04-21-2017 at 01:27 PM.
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