Loans4Less.com (OTC: LFLS) is developing a national platform for standard conforming residential retail mortgage and consumer loans. For more than 20 years, the company has been operating as a mortgage broker in California and markets mortgages through its loans4less.com website. Loans4Less provides excellent service, competitive rates/terms, fast closing timelines, daily market updates and other information.
Loans4Less maintains a AAA rating with the Business Consumer Alliance. Loans4Less mortgage business does not hold trust funds, lend directly, service loans or operate a warehouse line of credit and is not subject to the risks and problems that in the past were associated with sub-prime lending. Rather, the company relies on a variety of wholesale lenders for its retail home loan programs.
The company’s retail mortgage platform shows great promise, making it an extremely attractive brand for the advertising of mortgages and consumer loans. Thus, it follows that a significant amount of the company’s attention is on swiftly growing its income stream in order to increase shareholder value.
The company plans to achieve such growth through cost effective advertising in alliance with a strategic community bank partner in order to further develop and expose its generic brand.
The investment banking and securities brokerage firm WestPark Capital is currently advising Loans4Less in its search to find the right community bank partner and to help with its capital formation and planning activities. Once that partner is in place, Loans4Less will endeavor to develop and unveil its nationwide mortgage broker origination, proceed to raise capital, complete the pending acquisition of 321Lend a consumer loan and peer-to-peer lending platform and significantly increase brand awareness.
For more information, visit www.Loans4Less.com
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