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  1. #1

    Looking for someone to handle my personal loan business

    I'm tired of turning people away when they call looking for personal loans.... seems like there is a large market out there for this so who are the best personal loan lenders?

    Any feedback is appreciated....

    Thanks, Louis..

    Louis@SouthShoreFunding.net
    516.431.3100 - Ext. 126
    Best Regards,

    Louis DiMaria - South Shore Funding CEO
    Office: 516.431.3100 ext. 126
    Fax: 516.454.1014
    Cell: 516.454.1001


  2. #2
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    So you have a couple of options here.

    One is The Funding Group knows as Funding Help.
    I have a super broker who gets 7 points on their 15 point success fee.
    However they changed their program so all new brokers only get 2.5% on their 15% fee.
    So I use my guy and some brokers who have been with them awhile get the 7% range.
    The Funding Group
    904-559-1791
    Jean L. Vann, Manager

    Note: They would NOT sign me up as they protect their original broker as I submitted files through him initially so be aware of that guideline.

    The other is PFG - Preferred Funding Group and they pay 2.5% on 15% success fee.

    What I need for these - I take the loan app, get the Fico scores 680 or better and send to my buddy with personal tax return, 1099 or W-2. Can get loan based on annual gross income. He usually takes 2% and gives me 5% I can hook you up if you want. 3 - 5 year loan at 8% and up.

    Then there is business credit cards for start ups and Business LOC.
    Need a 700+ Fico...
    They pay 2.5% on 10% success fee and you get paid for every funding.
    That's Midwest Credit Corp
    I have a referral guy over there so let me know and I'll hook you up.
    Bailey Blasdel
    Business Finance Consultant
    (630) 974-5507
    (If you contact him, mention my name and they pay a very small referral fee that doesn't come out of your commission)

    Here's a scenario I posted recently on that program:
    File from broker.
    Feb sales $12k
    March sales $12K
    April sales $4K
    Mostly additional revenue in business bank account are online transfers from savings account.
    Good Fico
    No debt
    Got him a couple of business credit cards at $69,000
    Paid me 2.5% every funding. Again 10% success fee.

    Hope that helps...

    If they have real estate we can money from, let me know - I can handle all of those types of loans except primary residence.
    Last edited by Olderguy; 07-20-2022 at 08:45 AM.
    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.

  3. #3
    Senior Member Reputation points: 216519
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    Louis, you don't need an extra level of broker here, I'm not sure why Steve keeps thinking that he's going to beat me on this. I personally am signed up with Funding Help for 5 years and got the "old" rate way back then. Please go directly through me, you don't need 3 layers of brokers. Until they changed their onboarding process, I was referring brokers directly to them and making an override, but now they want us to submit directly. I have a direct submission portal, and if anything goes wrong or I don't pay you, you can come over here to complain.

    People who white-label this keep saying 680+ FICO is "all you need", but I've had very little success (there have been exceptions) seeing anyone with less than a 700 FICO. Generally the difference between a 680 and a 700 is over-usage of their credit cards or inquiries or lack of credit history, and any of those can ruin a file.

  4. #4
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Micah....I am not suggesting he handle it through me...I was referring him to the lenders directly. My guy can do the same. It's up to him. I'm not invoived.
    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.

  5. #5
    Senior Member Reputation points: 216519
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    Quote Originally Posted by Olderguy View Post
    Micah....I am not suggesting he handle it through me...I was referring him to the lenders directly. My guy can do the same. It's up to him. I'm not invoived.
    You were not referring them to the lenders directly, you were referring him to the brokers (Funding Help) and offering your own services if they don't want to sign up directly.

  6. #6
    Senior Member Reputation points: 4457
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    Made $34K with them over last 12 months.. I really like their process. Thanks for introducing me to them Micah! I concur that its usually the 700 scores or higher that get the most money.. and this seems to work better for those that are W2'd.. although, I have successfully funded self employed folks, that keep good records and file taxes.

    They use TFG (The Funding Group) on docs. But then Funding Help is the portal name and then they are also known as Funding Client. Great company all around!
    Shannon Harris
    Funding Specialist
    888-705-8818 phone
    239-790-2664 fax
    Shannon@StellarBusinessFunding.com
    www.stellarbusinessfunding.com

  7. #7
    Senior Member Reputation points: 216519
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    There aren't enough emojis on DF so I'll write "high five Shannon"

  8. #8
    For personal funding you can send them over to us at fundedfi, we can get you contracts and pay you on any deal that is we get funded. Message me let's discuss lead flow and payouts.

  9. #9
    Sir, what are the personal loan amounts?

  10. #10
    Funded In A Jiffy! said:
    Today 03:37 PM
    I'm looking for working capital deals where the owners credit score is 560 or above. This is a monthly payment loan. No more than 14 Nsf in the last 90 days. Can fund up to $250k. Must be in business 2 years.

    Call me at 765.517.0975 or email Lorraine at lorraine@moveaheadfin.com.

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