Results 1 to 9 of 9
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08-01-2019, 12:56 PM #1
- Join Date
- Apr 2015
- Posts
- 206
Who competes with World Business Lenders
Hello,
I have a client who is seeking working capital. They have a home with a good amount of equity. Are their any direct funders that compete with WBL?
Please let me know, thank you!
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08-01-2019, 01:42 PM #2
- Join Date
- Jun 2018
- Posts
- 55
Did you already send it to WBL? There arent really any direct competitors. Lift Forward offers RE collateralized loans, but they are A paper only.
John Henry is a great guy over there. 212-220-8966 jdasilva@wbl.comDavid Fite
Director of ISO Relations
Windgate Capital
40 Wall Street, 29th Floor, New York, NY 10005
Direct: (516) 400-2087 ǀ Fax: (347) 708-8699 | Cell: (929)-361-4156
David@WindgateCapital.com ǀ https://www.WindgateCapital.com/
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08-01-2019, 01:56 PM #3
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,996
Last edited by Yankeeman07; 03-16-2020 at 01:33 PM.
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
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08-01-2019, 03:59 PM #4
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 732
A home with equity. Go to your local bank.
No reason to give a client MCA money on their home.
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08-02-2019, 02:35 AM #5
- Join Date
- Mar 2019
- Posts
- 95
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08-02-2019, 05:13 PM #6
- Join Date
- Apr 2016
- Posts
- 103
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 Owned
- 2018 Business & Personal Tax Returns
Full-file Submission (necessary for funding):
- Application
- 12-months Bank Statements
- Business Debt Schedule
- 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.
Let me know your availability for a conversation next week
WE PAY 2-POINTS!!!
Have a great weekend.
All the best.
--
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)
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03-11-2020, 10:29 PM #7
- Join Date
- Jun 2014
- Location
- Houston Tx
- Posts
- 97
70% LTV in 3 to 5 business days 620 score 30 year term 7% to 10.99% Must close in an LLC or Company name No tax returns bring your own appraisal Most any major metropolitan area no paper app! Please advise if 70% will accomodate your WBL deal... Thanks!
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03-16-2020, 12:23 PM #8
- Join Date
- Apr 2017
- Posts
- 127
Hello!
We provide Collateralized loans that are much different than WBL.
Property Purchases (Mortgage or shorter term), Cash-Out & Rate/Term Refinances on Commercial & Residential Properties, Hard Money, & Term Loans.
The rates start around 7% APR.
The term is up to the borrower. Can do 30 years, 15 years, or 2 years, depending on how long they want.
The commissions are obviously much lower than MCA, but it's definitely still worth getting done. Usually 2-5 points (plus we can charge fees, up to you)
We would rather make 4 points on a $5,000,000 or $10,000,000 loan than nothing at all because they couldn't get an MCA making 15 points.
Feel free to reach out if you have questions or want more information!
DM or Email Info@BesCapFinancial.com
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03-16-2020, 04:34 PM #9
- Join Date
- Aug 2017
- Posts
- 251
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