[socalgav]

Hello All, Had an Offer from CAN CAP 78,070.00 payback 93,684.00 over 10 Months Paying me 5%. Can anyone match this. Long story as to why I am looking. Need to move quickly.

[Zach]

Without knowing anything about this deal in particular, here's some lenders that could beat that:

1. IOU
2. Quarterspot
3. Business Backer
4. Kalamata

[socalgav]

Thank you for got about IOU. I always forget about them

[LoanMe]

LoanMe has a new product available that could come close to this offer. LoanMe now offers a Premier Loan product in California to well qualified borrowers. This is in addition to our normal Small Business Loan product.

Premier Loan sizes range from $76,000 to $250,000.
Rates Range from 14.9%-24.9%
Terms: 120 months
Payment type: Monthly ACH

Comparative Example:
$90,000 Simple Interest Term Loan
14.9% Annual interest rate
15% origination fee (-$13,500 fee)
$76,500 funded to borrower

IF borrower makes $9,368.40 monthly payments (same as CAN monthly responsibility in 10 month example above), the normal 120 month term is reduced to 12 months and the total payback would be $96,926.88.

$96,926.88/ $76,500 funded= 1.267 factor

LoanMe can fund in as soon as 4 hours. Funding cutoff time is 1:00pm PST/4:00pm EST.

**The example above is not an offer to your borrower, but a comparison to the offer presented by the poster. Borrowers will need to take a LoanMe application, where internal scoring would score the borrower and place them into one of our set tiers/buckets. This presents them with their individual Pre-qualification rates/fees/terms.