Articles from BMG Money

BMG Money announced today that it has secured a $300 million financing facility with Utah-based WebBank, a leading national issuer of consumer credit products, and Waterfall Asset Management. This new facility, combined with BMG Money's existing warehouse lines and forward flow arrangements, brings the company's total financing capacity to approximately $1 billion, positioning BMG Money to significantly expand access of responsible credit solutions to financially underserved employees across the United States.

BMG Money today announced a forward flow agreement with Hudson Cove Capital Management, LLC to purchase up to $360 million of loans issued by WebBank through BMG Money's employment-based lending platform. This strategic partnership represents a significant expansion of BMG Money's capital capacity and reinforces the company's mission to provide responsible credit solutions to financially underserved individuals across the United States.

Federal & military retirees now have emergency loan options with BMG Money. Despite being the wealthiest and most abundant generation, many baby boomers still struggle with their finances. One such challenge is emergency expenses related to healthcare, which have been increasing steadily over time. According to the Fidelity, American retirees need approximately $300,000 saved to cover health care expenses in retirement. Unfortunately, when seniors encounter health emergencies or other unexpected expenses, fixed incomes may not be sufficient to cover the costs. Retirees too often find themselves with nowhere to turn.