How DF Get Funding

[Value]

Hello, Hello,

I understand now that most “Direct Funders” get the loan from a business line of credit from a bank or PE firm.

So I’m closing over a million a year in loans. It makes more sense to just fund the deals my self. If all my boss is doing is just originating the loan. With bank funds.

What banks and licenses do I need to originate the loan with bank funds, under my own Corperate entity?

Thank’s,

Value

[fcfinancial]

They are also assuming the risk of "Defaults" -

[Olderguy]

My former boss was a direct lender...he had hedge money funds at $10M each. HIs cost was 7.5% and they reviewed large deals. You need super back up for a license - bonding, background check, etc. You need to start cultivating banks and get directed to other sources when you get set up. They can tell you what you will need. It's more than just revenue you are generating.