Jason van den Brand
๐ค SpeakerAppearances Over Time
Podcast Appearances
We have, we have great investors in the company.
They believe in our vision of what mortgage is going to look like in the future.
And they know we're working really hard towards that.
Um, the demographic swing that's occurring in our country obviously plays in that favor.
We don't utilize the venture capital for that.
That's strictly for working capital.
Okay.
salary, so on and so forth.
Um, we utilize a credit facility, a credit line.
That's, um, like venture debt.
No, no.
Uh, we use, it's called a warehouse line of credit and it's, it's for $4 million.
Um, I think a lot of startups go out there and say, we raised $4 million.
We don't really look at it like that.
Uh, maybe we should have definitely make us look bigger, but, um, no, we have a $4 million credit line.
We can, uh, ratchet that thing up, uh,
to about $12 million.
And let me explain that because it ties back to your early thing.
We hold our loans that, that we originate through our clients, through our portal, um, on average for about six days, six to seven days.
Okay.