International Money Lending License and Operations
A fairly new offshore business opportunity is available in numerous jurisdictions. Here is the business of furnishing small loans in amounts of at the least $100 and no more than $5,000. A company of this kind may operate internationally but must certanly be headquartered in the jurisdiction where licensed. Nearly all on site employees must typically be residents of the host country but no loans may be designed to residents of the country. An average limiting interest rate is 48 percent, and not compounded, per annum. An average limit to these loans will be 12 months with refinancing available. Hard Money Lenders in Texas These loans can be collected by numerous means including ACH transfer but are not secured by title to real property, a motor vehicle, tangible personal property, or some other kind of collateral other compared to the loan agreement and an ACH authorization agreement. Such an international money lending license must certanly be carried out with a company with a desi