Results 1 to 9 of 9
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07-01-2020, 02:22 PM #1
- Join Date
- Feb 2020
- Location
- Anaheim, CA
- Posts
- 85
LoanMe is open and funding! Now performing a Soft Pull during pre-qual
LoanMe is open and actively funding files!
We're also now performing a soft pull during pre-qual so your borrowers can find out what they qualify for without an adverse impact to their credit score.
Not familiar with our basic borrower requirements? Here you go:
- No industry restrictions, sole prop OK; LoanMe can work with any for-profit business.
- 90 days in business
- 90 days of funding/seasoning in business bank account
- Any valid FICO return (scores of 600+ encouraged for stronger pre-approval)
- 25% business ownership
Not familiar with what sets LoanMe apart from an MCA? Here you go:
- Loan sizes from $3500-$250K
- Interest rates from 14.9-159%
- 24-120 month term
- Monthly payment
- No early repayment penalty
The data shows us that a LoanMe borrower will qualify for a loan size 2X greater than an MCA.
Want to learn more? E-mail business.loans@loanme.com with "Hey Joel!" in the subject and we'll get the conversation started.
If you're an existing partner and you're ready to submit files give us a shout and make sure you can access your new, Salesforce based partner portal!
Cheers!Joel S Galasso
Senior National Accounts Manager
Small Business Loans
Main: 949-535-7798 | business.loans@loanme.com
1900 S. State College Blvd. Suite 300 Anaheim, CA 92806
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07-03-2020, 01:05 AM #2
- Join Date
- Apr 2014
- Posts
- 781
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07-03-2020, 10:42 AM #3
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07-06-2020, 01:22 PM #4
- Join Date
- Feb 2020
- Location
- Anaheim, CA
- Posts
- 85
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Last edited by LoanMe_JG; 07-06-2020 at 01:24 PM. Reason: Mistake
Joel S Galasso
Senior National Accounts Manager
Small Business Loans
Main: 949-535-7798 | business.loans@loanme.com
1900 S. State College Blvd. Suite 300 Anaheim, CA 92806
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07-06-2020, 01:24 PM #5
- Join Date
- Feb 2020
- Location
- Anaheim, CA
- Posts
- 85
Joel S Galasso
Senior National Accounts Manager
Small Business Loans
Main: 949-535-7798 | business.loans@loanme.com
1900 S. State College Blvd. Suite 300 Anaheim, CA 92806
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07-07-2020, 03:55 PM #6
- Join Date
- Apr 2018
- Posts
- 20
Our funding percentages have gone up 335%!
If you aren't signed up and submitting to LoanMe Official; why aren't you?!!! No better time then NOW! #dontleavemoneyonthetableElizabeth Peters
LoanMe Small Business Loans
(949) 535-7798
Your home for payment loans
1900 S State College Blvd. Suite 300 Anaheim, CA 92806
www.loanme.com/smallbusiness
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07-08-2020, 10:04 AM #7
ONLY negative i see with loan me is that they will offer your merchant a cash advance if they do not qualify for their great montly program.
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07-08-2020, 06:26 PM #8
- Join Date
- Sep 2019
- Posts
- 31
LoanMe only offers simple interest term loans, no cash advances. The closest thing we have to an MCA is our fixed payback product - see link to our website product listing here; https://www.loanmebusiness.com/products
ThanksJack Malone
National Accounts Manager
Office: 949-535-7798
Direct: 949-535-7203
Your home for Monthly payment loans
1900 S State College Blvd. Suite 300 Anaheim, CA 92806
www.loanme.com/smallbusiness
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07-10-2020, 05:55 PM #9
- Join Date
- Feb 2020
- Location
- Anaheim, CA
- Posts
- 85
To echo my coworker Jack Malone, we absolutely do not take part in this practice. We are a direct lender, not a funder, and we only offer monthly payment loan products.
The closest thing we have to an MCA is our Fixed Payback Loan which is structured to be an MCA look alike via a larger origination fee w/no interest assessed. Even that product carries a monthly payment though, and we seldom utilize said product with our borrowers.
If you'd like to discuss this further please give us a call at 949-535-7798.
Thanks.Joel S Galasso
Senior National Accounts Manager
Small Business Loans
Main: 949-535-7798 | business.loans@loanme.com
1900 S. State College Blvd. Suite 300 Anaheim, CA 92806
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