Results 1 to 11 of 11
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07-16-2019, 07:34 PM #1
Reputation points: 346
- Join Date
- Mar 2019
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- 97
Term Lenders
Looking for some suggestions for Term Lenders OTHER THAN
Fundation
Lending Club
Credibility Capital
Amex
LoanMe
Funding Circle
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07-19-2019, 10:20 PM #2
Reputation points: 18402
- Join Date
- Apr 2014
- Posts
- 781
Contact Micah
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07-20-2019, 04:00 PM #3
Reputation points: 24139
- Join Date
- Apr 2014
- Location
- Washington DC
- Posts
- 421
Breakout
Streetshares
Smartbiz, Celtic bank, etc... and other Sba lenders/placement agentsCarl Fairbank
Founder & CEO boldMODE
www.boldmode.com
Carl@boldmode.com
Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
www.breakoutfinance.com
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07-31-2019, 06:12 PM #4
Reputation points: 105
- Join Date
- Apr 2016
- Posts
- 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.
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08-12-2019, 07:15 PM #5
Reputation points: 687
- Join Date
- Dec 2016
- Posts
- 49
how do you sign up with funding circle
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08-13-2019, 07:30 AM #6
Reputation points: 63050
- Join Date
- Apr 2015
- Location
- Louisiana
- Posts
- 302
Does anyone work with credibility? I’ve reached out to them before with no response.
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08-13-2019, 02:17 PM #7
Reputation points: 24139
- Join Date
- Apr 2014
- Location
- Washington DC
- Posts
- 421
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
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08-13-2019, 03:56 PM #8
Reputation points: 179851
- Join Date
- Jun 2017
- Posts
- 2,048
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.
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09-25-2019, 09:36 PM #9
Reputation points: 68233
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
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
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09-25-2019, 09:58 PM #10
Reputation points: 3268
- Join Date
- Sep 2019
- Posts
- 11
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
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11-27-2019, 07:57 PM #11
Reputation points: 24139
- Join Date
- Apr 2014
- Location
- Washington DC
- Posts
- 421
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 08:06 PM.
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