Borrowmoney.Com, Inc. Reports Earnings Results for the Third Quarter Ended May 31, 2020
July 14, 2020 at 03:33 pm EDT
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BorrowMoney.Com, Inc. announced earnings results for the third quarter ended May 31, 2020. For the third quarter, the company announced sales was USD 5,850. Operating loss was USD 14,302 compared to USD 9,918 a year ago. Net loss was USD 18,936 compared to USD 13,789 a year ago. For the nine months, sales was USD 20,472. Operating loss was USD 77,517 compared to USD 56,602 a year ago. Net loss was USD 90,884 compared to USD 69,802 a year ago.
BorrowMoney.com, Inc. is engaged in providing Internet-based platform that matches mortgage and loan providers with prospective borrowers. The Company offers to borrowers screened lenders and ensures the lenders trustworthiness and legitimacy. The Company provides institutional lenders with digital solutions by offering fintech technologically advanced gathered leads through an exclusive proprietary platform. Its online marketplace provides consumers with access to product offerings from its Network Lenders, including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, deposit accounts, personal loans, student loans, small business loans and other related offerings. In addition, the Company offers tools and resources, including free credit scores that facilitate comparison shopping for these loans, deposits and other credit-based offerings. Its main objective is to provide lead generation services to the mortgage and loan lenders.