[RichardGerard]

Barbarag;

Banks offer lines of credit with strong FICO scores- in many instances- to get depositors. Depending on the clients location, we work with several large footprint banks that do this for us and themselves.

We posted yesterday about this-

While Idea and others (Headway, BlueVine et al) do this, the cost of capital from an APR perspective is HIGH.

richard@bccusa.com

[brandondresslerpfg]

Hello,

We have a Line of credit product that we can provide. I need a tri merge credit report with a 680 credit score across all three bureaus. We pay 2.5% of the total amount funded at the beginning of the relationship with room to gain more percentage points. Give me a call or shoot me an email. Looking forward to helping.

Brandon Dressler
brandon@preferredfundinggroup.com
815-878-0244

[mikem]

Barbarag;

Banks offer lines of credit with strong FICO scores- in many instances- to get depositors. Depending on the clients location, we work with several large footprint banks that do this for us and themselves.

We posted yesterday about this-

While Idea and others (Headway, BlueVine et al) do this, the cost of capital from an APR perspective is HIGH.

richard@bccusa.com

Yea but Headway and Idea is unsecured to the best of my knowledge and takes 1-2 days to fund. Additionally, they would do smaller amounts. I can't imagine your banks would fund a client doing 30K a month etc...correct me if I'm wrong but I think the two LOC's (fintech firm vs. banks) solve issues for different types of clients.