[brokerCompany]

Dr Office term loan. Clean deal.
Just a long shot any term loan monthly payment lenders that can do no ucc?

[dpFund]

This is possible with a new funding product we are rolling out. (I am a direct funder, not a broker)

30 month term, monthly payments. Rate in the low to mid teens.

Minimum funding would be $500k.

If it is an individual doctor it will not work. But if it is a practice with several doctors, then it is a possibility.

Feel free to reach out if you would like to discuss.

Thanks,

Dan Page
dan@fundingstrategypartners.com
Direct: (303) 938-8280

[brokerCompany]

When you get program open let us know. You can do this with no UCC filing? Can you do your current programs with no UCC?

thanks

This is possible with a new funding product we are rolling out. (I am a direct funder, not a broker)

30 month term, monthly payments. Rate in the low to mid teens.

If it is an individual doctor it will not work. But if it is a practice with several doctors, then it is a possibility.

Feel free to reach out if you would like to discuss.

Thanks,

Dan Page
dan@fundingstrategypartners.com
Direct: (303) 938-8280

[bdshaw]

Why no ucc filings?

[dpFund]

When you get program open let us know. You can do this with no UCC filing? Can you do your current programs with no UCC?

thanks

Thanks for your response. As you probably know from earlier discussions on the subject, I am a big fan of UCC filings. Instead of a UCC filing though, we are protecting ourselves and our investors in a different manner. The program is live now. But we have some qualification parameters.

$500k minimum funding
Minimum Gross revenue in 2015 of $3MM
Client must be profitable in 2015 and 2016

Our goal is to bring our average funding amount up and rates down.

Current program (which we will continue to do) still has UCC filing.

BrokerCompany - My apologies for taking over your thread! Was not my intention.

[RichardGerard]

PM'd you Broker Company...

Dan, since you put it out there, I'm sure we are all curious about details:

As a minimum gross income of 250k per month would likely mean most firms would need to be doing $7M per year or more, what is your max funding, and what other guidelines can you furnish us with?

Is this the 30 month term product you broached? Are there any state restrictions? How many points do Originators receive?
What is realistic turn around time frame from submission to funding? Is this a straight loan or are there ancillary fees (management/royalty)? What kind of interest rate range?

RG

[dpFund]

PM'd you Broker Company...

Dan, since you put it out there, I'm sure we are all curious about details:

As a minimum gross income of 250k per month would likely mean most firms would need to be doing $7M per year or more, what is your max funding, and what other guidelines can you furnish us with?

Is this the 30 month term product you broached? Are there any state restrictions? How many points do Originators receive?
What is realistic turn around time frame from submission to funding? Is this a straight loan or are there ancillary fees (management/royalty)? What kind of interest rate range?

RG

Still don't want to hijack this thread, but will do my best to answer your questions.

* Minimum Gross income of $3MM in 2015 (not $7MM)

* Max Funding is $2M

*Yes, this is a 30 month term.

* Rates will be in the 18% range for the first 18 months and drop noticeably in the remaining twelve months. Each client is a little different depending upon their sales growth (rate for the remaining twelve months of the term is based upon EBITA) but the goal for the average rate over the full 30 month term is about 13%. Not trying to be cagey...it is just brand new (only funded two clients with this new model so far) and a bit complicated to explain everything in this thread.

* Originators receive two points at funding and can charge an additional three points direct to the client, so five points total. This product is designed for larger funding amounts.

* If the client is responsive, turnaround time should be about three weeks.

If anyone else has large deals like this where the client will not pay MCA rates but will not qualify for traditional funding, please feel free to email me and we can talk more specifics so we do not hijack this thread any more than we already have!

Thanks,

Dan Page
dan@fundingstrategypartners.com
Direct: (303) 938-8280

[MikeGreen-Quarterspot]

Dr Office term loan. Clean deal.
Just a long shot any term loan monthly payment lenders that can do no ucc?

QuarterSpot may be an option if you cannot find a monthly option. We do not file a UCC. No PG either. The closest we could offer would be a weekly with a term maximum of 18 months.

Thanks
Mike
https://www.quarterspot.com/partner-registration

[KTK]

Hi Dan, how are you? Sounds like a solid product and I may have a few potentials. However, I'm also curious on any state restrictions as well. Thanks!

[biggr]

Dan, Has this been rolled out yet? This sounds very interesting,

[dpFund]

Hi Dan, how are you? Sounds like a solid product and I may have a few potentials. However, I'm also curious on any state restrictions as well. Thanks!

Thanks KTK. No state restrictions!

[dpFund]

Dan, Has this been rolled out yet? This sounds very interesting,

Thanks biggr - The ink is still wet. We funded our first deal with it a couple weeks ago at $1.1M and our second yesterday at $500k. Feel free to reach out.

Best,

Dan Page
dan@fundingstrategypartners.com