Jason van den Brand
๐ค SpeakerAppearances Over Time
Podcast Appearances
Before they get sold off to the investor, the ultimate investor who's going to service the loans.
Now there's 21 business days in every single month.
We have a $4 million line.
So we can lend typically three times the amount of that line in a given month.
So 12 million bucks.
Um, now, uh,
Let's say for example, which is occurring right as we speak, we have more, we have a $25 million pipeline as a company.
Well, Linda, you can only lend $12 million in a month, what's gonna happen?
We call up our warehouse line of credit, we have excellent relationships with, they really love what we're doing, we've been working with them for years now.
We say, look, we've got this pipeline of 25 million.
Can you give us a bump on the line of credit so we can fund all these loans?
We don't want to leave these consumers sitting idle.
They're like, yeah, absolutely.
No problem.
It's not a matter of trust.
They know we've had zero percent defaults.
These are prime candidates.
You know, this is this is the cream of the crop.
It's a lever on the net worth of the company.
So as we go out and raise our next round of capital, we will get larger warehouse lines to fund more loans.