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11-04-2021, 02:35 PM #1Senior Member
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- Nov 2014
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Seeking Reverse Consolidations? LoanMe has something better!
Be the hero and offer your clients better funding options...
https://youtu.be/_reTuN3jneQLoanMe's True Consolidation.jpgLast edited by LoanMe; 11-04-2021 at 02:37 PM.
LoanMe Business
949-535-7798
Email: Business.Loans@LoanMe.com
www.loanme.com/SBL-partner
1900 S State College Blvd. Suite 300
Anaheim, CA 92806
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11-04-2021, 07:52 PM #2Senior Member
Reputation points: 44858
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- Apr 2019
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- 319
lol yeah right...
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11-05-2021, 10:47 AM #3Member
Reputation points: 895
- Join Date
- Feb 2020
- Location
- Anaheim, CA
- Posts
- 85
If you want to engage in an actual conversation and debate regarding the pitfalls of reverse consolidations vs. True Consolidations, or why you think a reverse consolidation is the way to go, by all means.
If you're simply going to LOL without any real substance, hey, that's OK to. Glad we gave you the gift of laughter.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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11-05-2021, 11:55 AM #4Member
Reputation points: 3414
- Join Date
- Mar 2018
- Location
- Salt Lake City, UT
- Posts
- 86
I actually did see a LoanMe true consolidation recently where they took out 2 daily positions. Was nice because we were able to give the merchant a weekly with the daily's out.
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11-05-2021, 03:32 PM #5Senior Member
Reputation points: 68259
- Join Date
- Sep 2021
- Location
- Irvine, CA
- Posts
- 2,133
If you would like some constructive criticism I just had a file denied for low average daily balances for a $75,000 loan amount. So why not reduce the loan amount? Couldn't do it as the file was immediately closed.
Steve Benjamin
Professional Business Loans
1012 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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11-08-2021, 11:10 AM #6Member
Reputation points: 895
- Join Date
- Feb 2020
- Location
- Anaheim, CA
- Posts
- 85
Hey Steve,
Originally Posted by Olderguy
If you want to shoot me an E-mail via the below address and reference the file in question, I'll give it a look to see if we made a mistake and actually had room to do a reduced amount.
Usually when we decline due to ADB it's because merchant can't afford a loan of ANY size under their pre-qualification tier. However, I'm more than happy to double check and ensure our team didn't make any mistakes.
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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