Small Business Loans
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Important information
- Government Actions:Government Action: BBB reports on known government actions involving business’ marketplace conduct:California Department of Business Oversight v Direct Funding Now LLC
The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.
On February 24, 2020, Direct Funding Now LLC entered into a Consent Order with the California Department of Business Oversight. The Order settles allegations that the business engaged in finance lending services with a revoked license. The revocation was due to failure to pay their annual assessment. Under terms of the order, the business is ordered to desist and refrain form failing to timely pay the annual assessment, pay their annual assessment in the amount of $250, and pay administrative fines in the amount of $5,000. The Assurance was for settlement purposes only and should not be considered as an admission of guilt or finding of violation of the law.
This action is final.
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