Questions

It is a car title loan company that I have ran for the last two years in Los Angeles. What have other companies done and what would you suggest that I do?

It is because of the risk of money laundering and the high risk that is associated with the industry. There are many banks in the LA area that will accommodate you, but be up front. Talk to the AML department directly. Your front line banker doesn't know much anymore. They're more of pretty faces with a personality. But the smaller banks (a few branches at most) will help - But be honest. The big banks won't help you until you're a big deal... Doing millions in volume monthly.


Answered 9 years ago

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