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Like correspondent lenders, warehouse lenders don’t interact with consumers. Warehouse lenders use the mortgages as collateral until their clients (smaller mortgage banks and correspondent lenders).
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Bottom line: startup business loans. finding financing when you’re starting a business can be difficult, but the twelve options we’ve discussed above should work for most small businesses. If you’re looking to get financing to purchase an existing business or to fund a franchise, startup business loans might not be your only option.
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