Results 1 to 11 of 11
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02-25-2016, 10:07 PM #1
- Join Date
- Nov 2015
- Location
- Chicago
- Posts
- 29
Direct Lender Looking for Deals to Fund
Hello All,
My name is Dean Rose with LQD Financial Corp., and we are aggressively seeking deals to fund. We provide traditional business loans, loan consolidation, and loan refinancing to businesses, nationally. Unlike a lot of companies out there, we are not a broker, cash advance or factoring company. We are a direct lender that only provides term loans. We do not offer a factor rate to clients, only a true APR, based on 12 months. Additionally, we originate and service all of our loans in-house, meaning that you will only be dealing with the funding source.
There are a lot of good, reputable companies out there can provide financing for your clients. Our advantage is that we can do deals that others cannot. Whether your client has multiple advances or no debt at all, we analyze each business on their own merits. Our financing solutions are determined by a business's assets, present cash flows, future cash flows, and, most importantly, the terms that work best for their specific situation.
In addition to better term options and cost savings, we provide financing for working capital, purchase orders, receivables, inventory financing, expansions, and acquisitions.
Here are some guidelines of deals we like to fund:
Financing options: Term Loans
Term: 12 - 36 months. Can go to 48 months in some cases.
Payment Frequency: Daily, Weekly, Bi-Weekly, Monthly (whichever works best for a client's specific situation)
APR: we can beat any company on price
Revenues: $40,000+ monthly
Funding Amount: up to $2,000,000 on a single transaction. Can go higher if necessary.
Process Duration: 5-7 business days for funding
Time in Business: 12 month minimum
Commissions: Deal Specific, but very competitive
Credit Score: We do not run personal credit or care about a person's credit score. We base our lending decisions only on what the business is doing.
Feel free to contact me if you have any questions or would like us to review a deal for your client, at no cost or obligation.
Dean Rose
LQD Business Finance
329 W 18th St, 601, Chicago, IL 60616
D (312) 444-0557
F (855) 491-0797
deanrose@lqdfinance.com
www.lqdfinance.com
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02-25-2016, 10:46 PM #2
- Join Date
- Jun 2015
- Posts
- 3,326
I understand that commission is a deal by deal basis but what is it between. Best case to worst case
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03-05-2016, 11:37 PM #3
- Join Date
- Apr 2014
- Posts
- 781
Dean fell asleep
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03-06-2016, 08:47 AM #4
- Join Date
- Jun 2015
- Posts
- 3,326
Haha the "very competitive" commission he pm me . It's 1-5% which in my experience with others that have said that means 1%
Now I am not saying he doesn't fit a niche there could be a place for low commission of the rest is true . Take a sub 500 and get him a 48 month deal . Worth it just to use it for bragging rights .
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03-27-2016, 10:07 AM #5
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
(if you get them to write a deal as described Michael- I WOULD BE VERY SURPRISED).. Additionally the UW criteria Mr. Rose describes is overstated (and that is an understatement).
Commission with them is based on the interest rate- which can be less than 1% for deals with less than 20% apr...
Like any lender they have paper they like and don't like...
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03-27-2016, 11:24 AM #6
- Join Date
- Oct 2014
- Posts
- 257
Direct Lender Looking for Deals to Fund
Dean I reached out to you and never got a response. Are you still signing up ISO's
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03-27-2016, 06:33 PM #7
- Join Date
- Apr 2014
- Posts
- 781
He's mia
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03-28-2016, 02:25 PM #8
- Join Date
- May 2014
- Posts
- 53
Underwriting-Guidelines-min.compressed-min.pdf
We pay up to 10 pts
and we do things like add-ons this way your clients never leave you.
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04-08-2016, 08:10 PM #9
- Join Date
- Apr 2014
- Posts
- 781
Add on are great...keep client with same lender etc
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04-27-2016, 10:11 AM #10
- Join Date
- Jun 2015
- Posts
- 5
These guys are hard to get a deal funded with. Think Funding Circle with a very esoteric underwriting guideline. Had a client at the the goal line and was told it was a no go because the client was "not trustworthy." I asked for a clarification and was given none. To be forewarned is to be forearmed!
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04-27-2016, 02:24 PM #11
- Join Date
- Sep 2014
- Posts
- 83
There is another thread on these jokers !!!!!!!! STAY AWAY !!!!!!!
http://dailyfunder.com/showthread.ph...siness-Finance
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