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  1. #1

    Term Lenders

    Looking for some suggestions for Term Lenders OTHER THAN

    Fundation
    Lending Club
    Credibility Capital
    Amex
    LoanMe
    Funding Circle

  2. #2
    Senior Member Reputation points: 18402
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    Contact Micah

  3. #3
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    Breakout
    Streetshares
    Smartbiz, Celtic bank, etc... and other Sba lenders/placement agents
    Carl Fairbank
    Founder & CEO boldMODE
    www.boldmode.com
    Carl@boldmode.com
    Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
    www.breakoutfinance.com

  4. #4
    Senior Member Reputation points: 105
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    Apr 2016
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    103

    Sean Najieb
    Business Development Director
    www.myliftloans.com
    180 Maiden Lane, 10th Floor
    New York, NY 10038
    Sean@liftforwad.com
    917.477.6534 (O)
    347.495.8088 (C)

    WE are a nationwide, top-line revenue driven business lender who utilizes algorithmic processes and collateral real estate to deploy capital in a bridge /mezzanine capacity within 5-7 business day.

    Lending Guidelines:

    Loans are structured based on (creditworthiness, business cash flow and RE collateral). WE will lend in the ranges of $500,000 - $6,000,000+ with terms of 1-4 years and monthly payment options. The rates are as low as 12% for well-qualified borrowers. Minimal documentation, and funding timeline in 5-7 business days.

    Loan Example:

    WE will typically lend up to 20% of business gross revenue (minimum business income $2,000,000) and collateralize the loan with RE utilizing 100% CLTV taking 2nd or 3rd lien position on available equity up to loan amount. Minimum borrower FICO 620 (NO bankruptcies, tax liens or judgments).

    Initial Submission:
    - Application
    - 6-months Bank Statement
    - PFS / Schedule of Real Estate
    - 2018 Business & Personal Tax Returns

    Full-file Submission (necessary for funding):
    - Application
    - 12-months Bank Statements
    - Business Debt Schedule / PFS / Schedule of Real Estate
    - 2018 Business & Personal Tax Returns
    - 2019 YTD Financials (P&L, Balance Sheet)
    - Collateral Real Estate Information (mortgage statement, tax bill, appraisal)

    Would like to ensure WE are utilized as a resource and develop a lending vertical should the opportunity present itself.

    WE PAY 2-POINTS!!!

    Let me know if you would like to jump on a call to discuss possible business synergies moving forward.

  5. #5
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    how do you sign up with funding circle

  6. #6
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    Does anyone work with credibility? I’ve reached out to them before with no response.

  7. #7
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    Quote Originally Posted by sigmundpannu View Post
    Does anyone work with credibility? I’ve reached out to them before with no response.
    Pretty sure they are a platform that funds low rate loans and then sells the loans to institutional investors (think fundation “light”) — but not sure how much iso biz they do — for anyone else reading, as Signund knows, credibility is a different company than credibly. Big difference in the two platforms.
    Carl Fairbank
    Founder & CEO boldMODE
    www.boldmode.com
    Carl@boldmode.com
    Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
    www.breakoutfinance.com

  8. #8
    Banned Reputation points: 179851
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    Quote Originally Posted by Cfairbank View Post
    Pretty sure they are a platform that funds low rate loans and then sells the loans to institutional investors (think fundation “light”) — but not sure how much iso biz they do — for anyone else reading, as Signund knows, credibility is a different company than credibly. Big difference in the two platforms.
    Is there a Typo on your Main Website? Right on the Main Page it Says Disruptr - Instead of Disruptor.... which it says later on.

    But then isn't it Disrupter???? Anyway?

    dis·rupt·er
    /disˈrəptər/
    noun
    someone or something that interrupts an event, activity, or process by causing a disturbance or problem.

  9. #9
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    Quote Originally Posted by Cfairbank View Post
    Breakout
    Streetshares
    Smartbiz, Celtic bank, etc... and other Sba lenders/placement agents
    Hey Carl- congrats and good luck on new venture! It's been awhile.

    We presently have several ADDITIONAL SBA Express and 7A Lenders on our Platform (yes Celtic up to 150k- obviously SB is SeaCoast, 1st Home, Cadence etc.). If folks need assistance with these programs, CapLines and/or straight bank loans (with hands on feedback), UNSECURED BANK LINES OF CREDIT (not corporate credit cards) feel free to touch base.

    Brokers are protected and we pay the highest commissions on closed referrals. Many times we can work around 650 FICO restriction if the deal (and cash flow) is strong on Express (form 1919) deals, with FICO parameters down to 550 on straight 7A deals with dollar for dollar collateral.

    Please reach out to Jared Lagemann our Director of Partnerships to discuss nuances of deals: jared@bccusa.com or cell 435-513-9010.

    RG

    Business Capital Consultants USA
    3237 Route 112 Suite 9
    Medford, NY 11763
    Office- 631-880-7501

    www.bccusa.com

  10. #10
    Hi guys
    I certainly would be glad to help with these scenarios. Rich laid it out quite clearly several of our lenders have less restrictive overlays on Fico as long as cashflow and collateral help make up the difference. Run them by me anytime, glad to help.

    Jared Lagemann
    Director Partnerships

    Jared@bccusa.com
    Direct 435-513-9010
    Office 631-880-7501
    BCCUSA Business Capital Consultants
    3237 Rt 112 Suite 9
    Medford, NY 11763

    See my Linked in Page for additional details as well

  11. #11
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    boldMODE re: ryan$

    Intentional. That was my side, personal "angel/vc" fund. Have a few dozen investments in there, with the premise being we are industry agnostic and will consider an investmnt in any company that is disrupting the industry they are in but either lack the advanced technology expertise or could significantly enhance it. We still make investments through that fund..... But that's not my main project. Always been a fun side project, and if we grew it, we were going to try to coin the term "disruptr" that was meant to be axiomatic to the type of investments we make/made. Low budget website as it was always a side project, but concept was as described above.
    Last edited by Cfairbank; 11-27-2019 at 07:06 PM.

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