Results 1 to 3 of 3
-
07-16-2019, 06:35 PM #1
- Join Date
- Mar 2019
- Posts
- 97
Line of Credit
Looking for some suggestions for Business Line of Credit Lenders OTHER THAN
Blue Vine
Headway
Kabbage
Fundbox
-
07-17-2019, 02:43 PM #2
-
07-31-2019, 05:13 PM #3
- 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.
Similar Threads
-
720+ credit score start up iso credit line
By AJR in forum Deal BinReplies: 5Last Post: 08-20-2021, 08:58 AM -
Looking for line of credit 7m+ sales construction co. Excellent credit
By ABC2016 in forum Deal BinReplies: 6Last Post: 09-05-2017, 03:37 PM -
Line of credit for those businesses that have great personal credit-where and how
By bostriba in forum Deal BinReplies: 8Last Post: 05-27-2016, 01:42 PM -
$3.0 million line of credit arranged by Advance Credit Funding Corporation
By bdshaw in forum PromotionsReplies: 0Last Post: 04-28-2015, 12:32 PM -
startup biz line of credit for 700+ personal credit
By mca123 in forum Deal BinReplies: 2Last Post: 09-30-2014, 10:09 AM