IFC Credit/Pioneer Announcement "No Money!"
June 22, 2009
Dear Pioneer Broker,
Pioneer's parent company, IFC Credit Corporation, like many firms in our industry, has experienced a much tougher time accessing the credit markets in 2009. As a result, our ability to fund new transactions has been intermittent during the last few months.
I regret to announce that we must again halt all new funding at this time. The management of IFC Credit Corporation will now look for a more permanent solution to our funding situation and this may require several weeks to complete.
It is our intention to resume funding at a later time, but we will be unable to fund any existing approvals until we have completed our new arrangements.
We sincerely regret any inconvenience this interruption causes, and we work hard to bring you a more reliable funding platform in the near future.
Vice President/general Manager
Pioneer Capital Corporation
It should be noted Bulletin Board Complaints and information regarding IFC Credit Corporation, Morton Grove, Illinois and its affiliates, such as Pioneer Capital, Addison, Texas.
Bulletin Board Complaint IFC Credit Corp. dba First Corp. http://www.leasingnews.org/arc hives/April%202009/04-29- 09.htm#bbc
Bulletin Board Complaint IFC Credit, Morton Grove, Illinois http://www.leasingnews.org/arc hives/April%202009/04-08- 09.htm#bbc
IFC Credit-Pioneer Leasing Up-Date http://www.leasingnews.org/arch ives/March%202009/03-18- 09.htm#ifc
IFC Credit, Morton Grove, Illinois Bulletin Board Complaint---Up-Date http://www.leasingnews.org/arc hives/January%202009/01-28- 09.htm#bbc
IFC Credit, Morton Grove, Illinois http://www.leasingnews.org/arc hives/January%202009/01-14- 09.htm#bbc