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07-23-2018, 07:04 PM #1
Term Loan Lenders
Hey guys,
I know I'm usually answering these types of questions for people, but now I hope someone can point me in the right direction.
Who out there, besides Fundation, FundingCircle, LiftForward and Lendistry is doing term loans?
*Term loans meaning minimum 18 month term and "standard" APR'sZachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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07-23-2018, 09:37 PM #2
You forgot Loanme.
No one besides the banks. UNless there is collateral.
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07-24-2018, 01:03 AM #3
- Join Date
- Jul 2015
- Posts
- 58
https://nationalcorporatecredit.com/ is doing 5 to 7 year term loans rates range from 5 to 14 percent. Please PM me for more details matt@creativebsolutions.com
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07-24-2018, 12:08 PM #4
Dont they do this through couple of different banks..
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07-24-2018, 10:26 PM #5
- Join Date
- Jul 2018
- Location
- South Florida
- Posts
- 5
Breakout Capital. Tough qualifications though:
-2 year term
-650+ credit score
-12 months banks
-No MCA balances last 12 months
-Average daily ending balance 8-10% of monthly revenue
-No negative days, no NSF's
Way I see it. Worst case they get declined and receive a 1.15-1.20 buy
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07-25-2018, 07:25 PM #6
- Join Date
- Jan 2014
- Posts
- 1,380
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07-25-2018, 10:07 PM #7
- Join Date
- May 2016
- Posts
- 42
Couple points of clarification on our term loan products:
- We offer term loans up 24 months with weekly or monthly repayment options (we can do daily if customer wants too).
- Our minimum FICO requirement is 600 (650 for monthly deals); a 24 month term is of course going to require a better FICO score (typically 700+)
- A customer can have up to two MCAs/loans and up to $100k in balances that we will buy out (no net requirement)
- The total monthly debt service ratio (including LOCs staying in) can be as high as 15% on a 6 month deal and 10% on a 12 month or longer deal (usually target 7% on 18-24 month terms)
- A customer can have up to 3 negative days in the most recent month and up to 9 over the last 3 months
- Our buy rates range from 1.25 to 3 pts a month with the best 24 month buy rate at 1.31x
If you have any additional questions regarding our product, please feel free to reach out to me or Zain (zmuzammal@breakoutfinance.com)
Steven Safirstein
Vice President of Sales & Head of ISO Relations
Breakout Capital Finance, LLC
6862 Elm Street | 3rd Floor | McLean, VA 22101
O: 703.852.6013 | steven@breakoutfinance.com
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07-25-2018, 07:25 PM #8
- Join Date
- Jan 2014
- Posts
- 1,380
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07-25-2018, 05:00 AM #9
Travis A.
Marketing ExecutiveYour most reliable Merchant Cash Advance Leads Source
MCA Live Transfer Leads | Call Back Leads | Aged Leads
Phone: (844) 501 1909
www.dtxbscallcenter.com | info@dtxbscallcenter.com
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07-25-2018, 10:37 AM #10
Breakout, Liftforward
Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
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07-25-2018, 09:04 PM #11
- Join Date
- Apr 2015
- Location
- Louisiana
- Posts
- 299
Doesn’t liftforward require real estate on their deals now?
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07-26-2018, 10:11 AM #12
- Join Date
- Jan 2014
- Posts
- 1,380
they always have. need over 650 fico, never ever have had a BK, over 1mill annual rev. It is a specific niche they cater to but if the merchant fits their box its great program. funded 700k (500k term loan with 200k LOC on top) in less then one week. Sean over there is awesome.
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07-26-2018, 11:03 AM #13
- Join Date
- Sep 2014
- Posts
- 83
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07-26-2018, 11:55 AM #14
- Join Date
- Jan 2014
- Posts
- 1,380
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07-25-2018, 07:28 PM #15
- Join Date
- Jan 2014
- Posts
- 1,380
LendingClub, Headway, if its a very big file 5mill up annual rev you can try Super G, 3mill annual rev minimum Credit Cash,
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