I am confused about Cali Law. Do I need a license?
Need a Funder or Vendor? START HERE

Results 1 to 25 of 34

Hybrid View

  1. #1
    Quote Originally Posted by Olderguy View Post
    Bro....the lenders (super brokers) are doing just fine funding deals in California....give one of them a call and ask them. I think you are misinterpreting the law. Don't you think the lenders know this?
    Lenders operate outside the law all the time. In fact multiple lenders have paid massive fines for violating CA licensure laws. Based on banking attorneys have told me, this is my understanding of how it works. Maybe your lenders know better.

  2. #2
    Senior Member Reputation points: 71496 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,200

    Quote Originally Posted by OC Funder View Post
    Lenders operate outside the law all the time. In fact multiple lenders have paid massive fines for violating CA licensure laws. Based on banking attorneys have told me, this is my understanding of how it works. Maybe your lenders know better.
    I doubt that is the case with the lender's I indicated above. Maybe some MCA lenders, but not thie super brokers I deal with. Make a phone call.
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

Similar Threads

  1. Im Confused
    By Fundingfordollars in forum Merchant Cash Advance
    Replies: 35
    Last Post: 12-07-2018, 01:42 PM
  2. Replies: 9
    Last Post: 01-11-2018, 02:09 PM
  3. Replies: 2
    Last Post: 05-18-2017, 12:07 PM
  4. Replies: 3
    Last Post: 02-03-2016, 11:59 AM
  5. completely confused
    By J.Celifarco in forum Merchant Cash Advance
    Replies: 15
    Last Post: 09-29-2014, 11:40 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Charlotte launches biz loan marketplace
Fora hits origination milestone
Maxim promotes F. Rodriguez


DIRECTORY