Results 1 to 5 of 5
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08-18-2020, 05:12 PM #1
- Join Date
- Feb 2020
- Location
- Anaheim, CA
- Posts
- 85
LoanMe now Offering True Consolidation Loans
LoanMe is pleased to announce that we have developed a TRUE CONSOLIDATION LOAN program. This new relief product keeps all of the features and benefits borrowers and partners enjoy about the regular LoanMe term loan products:
Terms from 2-10 years
Lower More Affordable Minimum Monthly Payments
No Pre-Payment Penalties
Broad Business Types: Any "For Profit" business eligible
90+ Days Time in Business
25% Minimum Ownership Percentage
Any Valid FICO eligible (600+ preferred)
Whats NEW for them:
Consolidation amounts up to $100k, and as low as $3,500
0% Net disbursement requirements- A True Consolidation
What we save them in payments "added back" to our qualification calculations
Payoff 1 funder or 10 funders; the # of balances is irrelevant- it's more about the actual outstanding $ amount owed
Money left over? No problem; in some cases we can payoff and net borrowers the difference; giving them both relief and cash out
Whats NEW for you:
New Lead Sources- Go back through your existing book of business. For some of you this could be years and years worth of data. Find the ones that may be over leveraged and offer them relief!
If you're a current LoanMe ISO partner please reach out to us if you need more info.
If you'd like to discuss an ISO partnership with LoanMe, please reach out to me via the below phone number or E-mail address.
Cheers.
Joel S Galasso
National Accounts Manager
Small Business Loans
Main: 949-535-7798 | business.loans@loanme.com
1900 S. State College Blvd. Suite 300 Anaheim, CA 92806Joel 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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08-18-2020, 06:39 PM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,977
Just Curious - I'm not a lawyer but how can a 25% owner sign a contract?
"25% Minimum Ownership Percentage" or for that matter a 49% Owner?Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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08-19-2020, 05:21 AM #3
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,499
If the operating agreement gives them authority.....it's allowed. It's common practice. The key is to making sure their is an operating agreement in place that is valid. There is a case in South Florida right now where the CFO, a minority owner signed an advanced and took the money for himself. The company's attorney is going after the advance company for the money that was taken from the accounts and the bank for allowing the advance company access to the accounts when the CFO had no authorization to sign any documents. If the advance company wants their money back, they will have to get it from the CFO who is now in prison.
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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08-19-2020, 07:16 AM #4
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,977
Interesting Situation - As the world turns in the MCA World
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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08-20-2020, 12:44 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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