This niche market loan provider thinks there was an underserved marketplace for young families seeking to fund their wedding, vacation and engagement bands.
Editor’s note: This review contains a few links to Promise Financial https://georgiapaydayloans.org review which are affiliate links. If you start a free account through one of these brilliant links your blog will get a tiny payment from Promise Financial.
We usually love to feature organizations which can be doing different things in the market financing industry and Promise Financial is obviously one of these simple businesses. They usually have taken the exact same approach as other market loan providers, but are determined to spotlight the niche of wedding funding. We spoke to Josh Jersey, Co-Founder and CEO and Jean-Paul Ndong, their Chief Credit Officer for more information on the business and group behind it.
Created in 2014, Promise Financial attempted to build their technology and underwriting. With that being complete, they formally established in June 2015 as they are currently loans that are originating. That they have received loan requests totaling a few million dollars while it is still extremely early, Josh confirmed. Between capital and equity allotted to fund loans in the platform, Promise Financial raised $4 million. Investing is open to accredited investors and so they have actually a number that is small of participating at the moment.
Probably the most crucial piece to dig into is excatly why the consider wedding loans. Read more