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03-27-2023, 05:00 PM #1
- Join Date
- Nov 2015
- Location
- Long Beach, CA
- Posts
- 54
Term Loan Product -Lendistry-600+ Term Loans, LOC 2yrs-5ys for Working Capital
Hello Daily Funder!
I hope all is well about 3mo ago I transitioned out of the MCA world and now work as a business development officer for www.Lendistry.com a Non-Depository SBA Lender/ Fintech.
I encourage you guys check us out I focus on the our conventional NON-SBA loan products down below:
We Pay 2PTS for every referral-Client does the app and we take over while providing updates to the source.
*Cash flow lender*
Term loans:2yrs-5yrs 50k-5MM (Minimum 600 credit)-Payoff MCA Debt-We treat it as any other business debt
Commercial real estate loans-(Minimum 2yrs in business for most scenarios) 10-25yr (10MM)
Lines of Credit: (Non Revolving)-Construction industry and government contractors major focus
Startup financing/Startup loans (Minimum 600 credit)
We're based out of CA and can operate out of all 50 states-*New York , CA and CO have added incentives for your clients*
Any questions shoot me an email at albert.williams@lendistry.com
or give me a call at 213-582-8215
Al Williams III
https://lendistry.com/al-williams
albert.williams@lendistry.com
213-582-8215
-Last edited by AlSuede; 03-28-2023 at 01:50 PM.
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03-27-2023, 06:51 PM #2
- Join Date
- Jul 2022
- Location
- new york
- Posts
- 105
interesting.
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04-03-2023, 06:40 PM #3
Thanks for the info. Unique niche.
Warmest Regards
Richard Scholtz
www.imsfund.com Richard@imsfund.com
206-800-7171 Office
206-238-4864 - Fax
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04-03-2023, 06:47 PM #4
- Join Date
- Jul 2022
- Location
- new york
- Posts
- 105
Al Williams former Balboa rep very good guy.
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04-06-2023, 11:00 AM #5
hey Al, thanks for this post. Interesting stuff. Would love to talk further about the different programs & how we can ensure that no backdooring or cutting-out occurs while still letting you guys fully manage the file.
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04-13-2023, 12:12 PM #6
- Join Date
- Nov 2015
- Location
- Long Beach, CA
- Posts
- 54
Hey good morning! One of the hurdles or adjustments vs MCA companies is that our process can take 25-45 days depending on the product and client app to funding within that time period we issue a pre-approval and a good faith deposit. A customer getting funded during this process will kill a deal. We want to sign up sources who want to get to paid and we pay 2pts for each deal and some of the programs we have are state guaranteed so there's a limit on what we can charge overall. Responsible lending is the message we want to get out were willing to work with credit 600+ but the biggest take away is cash flowing companies and verifiable via tax returns and YE financials.
Last edited by AlSuede; 04-13-2023 at 12:14 PM. Reason: Posted twice
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04-13-2023, 12:13 PM #7
- Join Date
- Nov 2015
- Location
- Long Beach, CA
- Posts
- 54
Hey good morning! One of the hurdles or adjustments vs MCA companies is that our process can take 25-45 days depending on the product and client app to funding within that time period we issue a pre-approval and a good faith deposit. A customer getting funded during this process will kill a deal. We want to sign up sources who want to get to paid and we pay 2pts for each deal and some of the programs we have are state guaranteed so there's a limit on what we can charge overall. Responsible lending is the message we want to get out were willing to work with credit 600+ but the biggest take away is cash flowing companies and verifiable via tax returns and YE financials.
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04-12-2023, 03:30 PM #8
- Join Date
- Nov 2015
- Location
- Long Beach, CA
- Posts
- 54
Hey guys thanks for the response I need to check this site more often if you have any direct questions give me a call!
Al Williams III
VP Business Dev Officer
O: 213.582.8215
albert.williams@lendistry.com
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05-10-2023, 02:27 PM #9
- Join Date
- Apr 2017
- Location
- 1301 NJ-36, Bldg#2, Ste#5, Hazlet, Nj, 07730
- Posts
- 143
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