Pace Morby’s Gator Lending - yay or nay?

[Renee Williams]

Hello BP Community, Do any of you have experience as a gator lender? If so, I’d love to hear it!

[Christaye Foster]

Hello and very glad to see the confirmation re. Gator method and PCS; hubs and I had a meeting w/ PCS this morning and didn't need all the LLC creation and such so we jumped to the 'Corporate Financial Program' - already sounds VERY ambiguous... So we sat through a 40 minute power point re. Paydex profile, building a bus. score etc. and then getting Paydex 'funding' tied to LLC at 2-10% for 6 to 18 months -- SERIOUSLY?????... I asked him where the 'funding' actually comes from and he says there are programs that they have set up to coach us through that... So we talked to our attorney/CFO contact and he told us to be very very suspicous; seems more like cash cow for Pace when getting few 100 students every month to fork over $2k and tell them it takes 6 mnths to 'set up' (umm - a DUNS # is FREE) and then throw them a bone after you've made how much cash-on-cash w/ the $200k that comes in every couple weeks...