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    Abbywalters Posts: 1, Reputation: 1
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    May 23, 2018, 10:30 PM
    Important Query
    We got a loan from a fund in CA which specializes in the giving loans to startups. We had to pay 14% interest plus options if we get more outside funding. Then the same fund signed a contract with you to help us raise money from a VC fund where they were to get success fee from us of 2% if they can do that. Does any one know legally can they do it. We hear that they need to have some permission from the state of California to be able to give loans to the company and with that, they are not supposed to take a fee or even help companies raise funding.

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