BorrowMoney.com, Inc.
borrowmoney.comNo Longer Reporting
The company has not filed an annual or quarterly report since its 10-Q, filed Apr 22, 2024. Its latest SEC filing is a REVOKED from Jun 23, 2026.
10-Q, filed Apr 22, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Connects consumers seeking loans with lenders through an online marketplace offering credit-score and loan-comparison tools.
10-K for FY2023, filed Dec 14, 2023BorrowMoney.com, Inc. (“BorrowMoney.com”, the “Company”, “we” or “us”) operates what it believes to be the leading online loan marketplace…View ↗
How Did They Make Money?
The company plans to earn match fees from lenders when it sends them consumer loan requests, plus fees for clicks or calls and, in some cases, closed loans. It also anticipates payment per approval for click traffic sent to issuers.
10-K for FY2023, filed Dec 14, 2023
$24.9K
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10-K for FY2023, filed Dec 15, 2023
$24.9K ↗
Who Were Their Customers?
Lenders join under participation contracts and receive matched consumer inquiries; other marketplace lead purchasers buy referrals.
10-K for FY2023, filed Dec 14, 2023The Company partners with lenders throughout the United States to provide full geographic lending coverage and to offer a complete suite of…View ↗
Consumers seeking mortgage loans through our loan marketplace can receive multiple conditional loan offers from participating lenders in…View ↗
The Company refers to the various purchasers of leads from its other marketplaces as lead purchasers. The Company plans to generate revenue…View ↗
Did Revenues Turn Into Profits?
No. It lost $741.5K in FY2022.
10-K for FY2023, filed Dec 15, 2023
How Were They Changing?
-
Apr 29, 2024
Auditor resigned; company said a quarterly filing should not be relied on
The company plans to engage a new auditor and refile or amend the filing after review.
Sources
8-K, filed Apr 29, 2024
On April 22, 2024, Barton CPA, Cypress, Texas, having PCAOB ID of 6968, resigned as the Company’s independent auditors, effective…View ↗
Non-mortgage lending availability
The older report described non-mortgage lending offers as on the marketplace; the latest says those offerings will soon be available.
10-K for FY2020, filed Dec 1, 2020 10-K for FY2023, filed Dec 14, 2023Lending Products. Other lending products on our online marketplace include information, tools and access to multiple conditional loan…View ↗
Lending Products. Other lending products which will soon be available on the Company’s online marketplace include information, tools and…View ↗
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