LoanMe Small Business Loans - Monthly Repayments and No SIC Code Restrictions!
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  1. #1

    LoanMe Small Business Loans - Monthly Repayments and No SIC Code Restrictions!

    Every business needs money, but not every borrower wants a loan that has to be paid back every single day. LoanMe Small Business Loans are paid back once a month, with low fixed monthly payments, over 2 to 15 year terms. Better yet- borrowers can pay back at anytime with no pre-payment penalties. Interest only accrues for the number of days they borrow. This means lower more affordable monthly payments with the flexibly to pay off anytime- saving money on interest.

    LoanMe SBL Product Overview:
    Loan Sizes: $3,500-$100,000
    Loan Terms: 24-180 months (2-15year terms)
    Payment Type: Monthly ACH
    Required Docs: 2 months Business Bank Statements, Drivers License & Voided Check
    Offers to Borrower: Up to 2x gross monthly deposits in business bank account
    Approval Time: Real-time pre-approvals while on the phone, with same day/next day funding.

    Borrower Min Requirements:
    500+ FICO
    25% ownership
    2 Months+ in Business (Minimum 60 days transaction history on a business bank account)
    No Restricted Industry/SIC code types (Must be for-profit business)

    Contact us at Business.Loans@LoanMe.com or call us at 949-535-7137
    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

  2. #2
    Member Reputation points: 476 Montague's Avatar
    Join Date
    Dec 2014
    Location
    Salt Lake City, Utah
    Posts
    30

    While i've done a lot of deals with LoanME i really have to question the:
    Offers to Borrower: Up to 2x gross monthly deposits in business bank account
    Never really seen anything close to that even with good credit and great revenues. Am i alone here?

  3. #3
    Senior Member Reputation points: 306908
    Join Date
    Jun 2015
    Posts
    3,321

    Same here

  4. #4
    Quote Originally Posted by Montague View Post
    While i've done a lot of deals with LoanME i really have to question the:

    Never really seen anything close to that even with good credit and great revenues. Am i alone here?
    We recently sent out a partner email with "Recently funded loans". A list of 20 funded loans in June which did reflect the above stated "up to 2x multiples".

    Please contact us if you missed that email.

    Borrowers receive anywhere from 1/2 to 2x their gross deposits on business bank statements. The better the score the higher tier they fall into an therefore higher multiple.
    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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