Solutions Funding - Sub-prime Lender

We are lacking detailed information on this Jacksonville, FL-based company (and its website isn't the most informative), but it does appear pretty conclusive from this internal email that has been forwarded to us that they have suspended business:

Unfortunately our efforts to find a purchaser for the company have failed to this point. As a result, we will cease accepting new applications effectively immediately. Additionally, other than loans scheduled to close today, no loans in the pipeline will be closed. We are in discussions with several lenders about moving our existing pipeline to one or more of these companies for them to handle the completion of closing these loans.

A notice will be going out to all our broker customers informing them of our suspension of business at this time.

Today will be the last day of employment for all employees, with the exception of a few people who have been asked to remain to clear out the existing pipeline and manage an orderly wind-down of the company.

All employees will be paid through today. Additionally, all sales commissions owed to sales employees will be paid in the regular payroll next week.

...

I can't tell you how sorry I am that it has come to this.

Joseph P. Bryant
Chief Executive Officer