[Mynameisbob]

I just got off the phone with a rep there, and they basically want you to send deals to them and they take over.

Feedback would be greatly appreciated.

[nrh1lp]

Yea that more or less sums it up. You sign on, they give you a portal login to submit deals, you can send in banks if you want but it isn't necessary. LoanMe will get in touch with the merchant and the # you provide and they shell out an offer in a few hours. If there is anything specific you want to know just let me know or pm me. I have been working with them for years

[WestCoastFunding]

Personally I love this model.

[Mynameisbob]

Just would like to know if they are honest people... Thanks

[ryan $]

loanme is good, nevert had any issues

[Mynameisbob]

Thank you very much for your feedback

[Mynameisbob]

Have you closed a lot of deals with them?

[Mynameisbob]

Realistically what types of industries fit their model?

[DiamondBL]

Yes- but that should be your last resort when you give a deal away - OR - if you know exactly that is where the client belongs.
They are honest, fast, and fund with no jokes~

[ryan $]

Personally I love this model.

SnapCap I believe does the same thing.... You just give them the submission and they take over.

[ryan $]

Have you closed a lot of deals with them?

yes

[ryan $]

Realistically what types of industries fit their model?

Any Industry.

Average Daily Balance is big with them. Ive seen them fund deals that would be insane based on cash advance underwriting. But the ADB was hiogh even though monthly revenue was low....so they give insane loans

[LoanMe]

Welcome Bob! Thank you everyone for the verification. We do encourage everyone to vet who they sign up with as we often hear some unfortunate stories about other alternative lenders.

LoanMe Small Business Loan Highlights:

•Broad Business Types: LoanMe does not have a restricted merchant list. We welcome all “For-Profit” businesses. From traditional retail stores to online and home-based businesses, LoanMe can fund them all*. The business must be opened for a minimum of 90 days with an active business bank account and the owner must have a 500+ FICO.

•We Lend Businesses More: Based on affordability; with lower monthly payments and longer terms, Businesses can typically afford Higher Loans with LoanMe. Loan sizes range from $3,500 to $250,000. Just 25% minimum ownership requirement for the applicant signing the PG; means more chances for the business to get a offer that works for them!

•Affordable Payments: Loan terms from 24 to 120 months make the monthly payment lower and more affordable. With fixed monthly ACH payments, borrowers no longer have to worry about daily or weekly re-payment schedules.

•No Pre-Payment Penalties: Businesses can pay off as soon as they’d like, allowing them to save on interest controlling their total cost of capital and renew faster.

•Same Day Funding: Best of all, these loans can be funded in as soon as 2 hours! ** Now that’s fast funding!

•LoanMe Partner Portal: Get status updates when you need them. LoanMe’s partner portal displays the information you need on the leads you submit. Track and submit New Leads all through the simple to use LoanMe Partner Portal. Any additional questions? email us at business.loans@loanme.com or call 949-535-7798 for support.

•Partner Support: Tired of not being able to reach your “dedicated account rep”? LoanMe’s partner support works as a team; and we are here to help! You can reach us at 949-535-7798 or email us at business.loans@loanme.com for the fastest response.

* Approvals based on state-by-state lending laws and LoanMe UW guidelines.
**Final approval must be given and loan documents signed before 4:00pm EST for same day funding.

Download our program guide here: https://www.dropbox.com/s/mxj5tmwvh2...18.18.pdf?dl=0