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  1. #1
    Senior Member Reputation points: 30475 Zach's Avatar
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    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's
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  2. #2
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    You forgot Loanme.
    No one besides the banks. UNless there is collateral.

  3. #3
    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

  4. #4
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Dont they do this through couple of different banks..

  5. #5
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    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

  6. #6
    Quote Originally Posted by Zach View Post
    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's
    We are working with couple of lenders doing Term Loans? Would you want me to connect you to them?
    Travis A.
    Marketing Executive
    Your 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

  7. #7
    Senior Member Reputation points: 38639 patrickw's Avatar
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    Breakout, Liftforward
    Patrick Wilson
    Managing Partner
    www.PremierCapitalNetwork.com

    (NO MORE LENDER/FUNDER CALL PLZ)

  8. #8
    Senior Member Reputation points: 203054
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    Quote Originally Posted by CLucas View Post
    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
    don't they only do personal term loans, fico must be 700+ across the board, personal tax returns with very low dti to get higher amount max out 300k...although my rep there told me he's never seen them put out max funding out on one loan.

  9. #9
    Senior Member Reputation points: 203054
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    Quote Originally Posted by shopitout View Post
    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
    with these qualifications why wouldn't they go right to a bank?

  10. #10
    Senior Member Reputation points: 203054
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    LendingClub, Headway, if its a very big file 5mill up annual rev you can try Super G, 3mill annual rev minimum Credit Cash,

  11. #11
    Senior Member Reputation points: 62986
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    Doesn’t liftforward require real estate on their deals now?

  12. #12
    Quote Originally Posted by shopitout View Post
    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

    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

  13. #13
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    Quote Originally Posted by sigmundpannu View Post
    Doesn’t liftforward require real estate on their deals now?
    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.

  14. #14
    Quote Originally Posted by Sachip24 View Post
    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.
    Sean is def a good dude....

  15. #15
    Senior Member Reputation points: 203054
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    Quote Originally Posted by jeffcapital View Post
    Sean is def a good dude....
    Yea he's awesome anytime I send him file. Top shelf guy.

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