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  1. #1
    Senior Member Reputation points: 6585
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    Tired of loosing customers because of High Rates? Loan Size: $25,000 to $500,000

    Flexible Loan Size: $25,000 to $500,000​
    Low Interest Rates: 8.99% to 20.99%
    Manageable Payments: 2 to 5 year terms; fixed monthly payments
    Transparent Fees: No extra fees beyond the loan origination fee of 2.99%

    This program was shut down in 2016 - this post was 2014
    Last edited by michaelh; 09-06-2017 at 03:51 PM.

  2. #2
    Noob Reputation points: 10
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    Dec 2012
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    Corona del Mar, California, United States
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    what is the criteria to qualify for this?

  3. #3
    Senior Member Reputation points: 6585
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      At least 1 years in business for most businesses §  Annual Sales/Revenue > $250,000

    §  At least 2 full time employees other than the owner

    §  FICO > 630

    §  t least 2 years of “clean” personal and business credit history

    §  No personal or business bankruptcies within the last 3 years

    §  Limited unresolved personal or business tax liens

    §  No current delinquencies on business loans

    §  No home based businesses

  4. #4
    any restricted industries? Is this rev based?

  5. #5
    Senior Member Reputation points: 16709
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    Jackson Hole Wy
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    Quote Originally Posted by michaelh View Post
    Flexible Loan Size: $25,000 to $500,000​
    Low Interest Rates: 8.99% to 20.99%
    Manageable Payments: 2 to 5 year terms; fixed monthly payments
    Transparent Fees: No extra fees beyond the loan origination fee of 2.99%

    www.gulfcoleasingandfunding.com


    ARe you funding these inhouse direct funder?

  6. #6
    Senior Member Reputation points: 12878
    Join Date
    Jan 2016
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    435

    Tired of loosing customers because of High Rates? Loan Size: $25,000 to $500,000

    This sounds like Fundation

  7. #7
    Karen37a
    Guest
    Quote Originally Posted by michaelh View Post
      At least 1 years in business for most businesses §  Annual Sales/Revenue > $250,000

    §  At least 2 full time employees other than the owner

    §  FICO > 630

    §  t least 2 years of “clean” personal and business credit history

    §  No personal or business bankruptcies within the last 3 years

    §  Limited unresolved personal or business tax liens

    §  No current delinquencies on business loans

    §  No home based businesses


    to have "real business credit", not tied to your personal credit or with a personal guarantee you must( usually) be in business 3 years, then you must be proactive to create a business credit profile.

    Once you do that you can start to build business credit. so

    If someone did it immediately...they would have 2 years of clean business credit on the 5-7th( or never) year of incorporating/llc....unless they are extremlly business savvy in regrds to business credit and finance or wealthy or initially funded thru outside sources


    People cant ask for things they cant qualify for, nor should qualify for.Most brokers never know the exact underwriting guidelines and just funnel off applications to Funders /lenders with no hope of ever getting approved and just blanket hit the merchants credit report.

    So if they have low to no business credit is that ok? ( which is our primary market)

    Which business scoring model are you looking at and whats the min business score.
    Last edited by Karen37a; 09-06-2017 at 08:15 AM.

  8. #8
    Senior Member Reputation points: 6585
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    Guys we discontinued this program in 2016 - This was a post from 2014

  9. #9
    Senior Member Reputation points: 51665
    Join Date
    Mar 2016
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    Quote Originally Posted by michaelh View Post
    Guys we discontinued this program in 2016 - This was a post from 2014
    Hahahaha
    SMH

  10. #10
    Senior Member Reputation points: 51665
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    I always knew there's a reason these posts are time-stamped

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