[loan]

Are there any financing options with interest only payments, that DON'T required collateral?? Have a client depositing $300K a month with credit in the high 500s.

[Zach]

Nope... but if you can get collateral.... WBL does ;-)

[omegafund]

Are there any financing options with interest only payments, that DON'T required collateral?? Have a client depositing $300K a month with credit in the high 500s.

We have a credit line but requires AR B2B business only, min fico 650

[LoanMe]

Are there any financing options with interest only payments, that DON'T required collateral?? Have a client depositing $300K a month with credit in the high 500s.

Yes there is.

LoanMe offers unsecured business loans with terms from 24-180 months.
Minimum FICO is 500.
Loan sizes range from $3,500-$100,000

The structure of these loans are daily accruing simple interest. So for example on a 15 year max term the borrower would be paying mostly interest only payments for the first few years. That being said they can make minimum MONTHLY payments and can pay off the principal balance at anytime, with no pre-payment penalties. They can also make additional payments above the minimum monthly payment, which goes straight to principal, effectively reducing the term and saving them money on interest.

Please contact us for more information.

[Zach]

Yes there is.

LoanMe offers unsecured business loans with terms from 24-180 months.
Minimum FICO is 500.
Loan sizes range from $3,500-$100,000

The structure of these loans are daily accruing simple interest. So for example on a 15 year max term the borrower would be paying mostly interest only payments for the first few years. That being said they can make minimum MONTHLY payments and can pay off the principal balance at anytime, with no pre-payment penalties. They can also make additional payments above the minimum monthly payment, which goes straight to principal, effectively reducing the term and saving them money on interest.

Please contact us for more information.

Yup, LoanMe is actually a solid fit for these guys. We fund at least 3-5 deals a month with them... Solid!