Results 1 to 5 of 5
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12-08-2015, 03:45 PM #1
- Join Date
- Apr 2014
- Location
- Chicago, IL
- Posts
- 185
BackOffice for Startup Loans, Business Credit Cards and No Doc Mortgages
Hi Team:
Our company http://www.businesscapitalmart.com developed a model that is working well for our referral agents and finance partners. We're rolling it out on a larger scale and would love your insight/involvement.
We created a backoffice system that brings the finance vertical (beyond just MCAs) to you instantaneously. You can expand your offering to your clients to include startup loans, PO/invoice factoring, SBA/Patriot Express loans, no doc mortgage programs (yes they're back), along with business credit cards and equipment leasing. You can use our forms, our training, and even our resources to instantly expand your array of products beyond MCA and add 10-25% extra revenue within a matter of weeks.
Our current partners include accounting firms, CFPs, major marketing companys, MCA/ACH brokers, as well as business brokers. The most unique feature we offer: depending on how much you want to take on, the lion's share of the revenue can kick back to you.
I'm happy to respond to this email or PM if you require more discretion.
Looking forward to hearing from you.
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12-08-2015, 03:47 PM #2
- Join Date
- Apr 2014
- Location
- Chicago, IL
- Posts
- 185
Correction: "the lion's share of the revenue can kick back to you" => lion's share of commission/referral fees can kick back to you.
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12-08-2015, 04:31 PM #3
- Join Date
- Jul 2014
- Posts
- 1,746
BackOffice for Startup Loans, Business Credit Cards and No Doc Mortgages
No doc mortgages. LOL.
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12-08-2015, 04:38 PM #4
- Join Date
- Apr 2014
- Location
- Chicago, IL
- Posts
- 185
Yes, no doc mortgages sir. We've funded a few of them. Investment and commercial mortgages only. 65% on refi's on appraised value or 70% on purchases. Currently in the country there are quite a few of these startup lenders offering loans on properties.
7.99% - 8.49% APR is the going 30 year rate. We've funded loans in Ohio, DC and California just this month for our partners
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12-09-2015, 12:48 PM #5
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
They are stated income loans... We've funded several as well.. Client needs to supply P and L on property with 1.25 DSC ratio and have a 650 FICO or better... They exist.. Rates are locked for 3 years and loans have a 30 year amortization..
www.businesscapitalconsultants.com
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