Line of Credit
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  1. #1

    Line of Credit

    Looking for some suggestions for Business Line of Credit Lenders OTHER THAN

    Blue Vine
    Headway
    Kabbage
    Fundbox

  2. #2
    Member Reputation points: 499 FifthVenture's Avatar
    Join Date
    Mar 2019
    Location
    Massachusetts
    Posts
    38

    Google

  3. #3
    Senior Member 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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