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11-07-2016, 04:01 PM #1
- Join Date
- Apr 2014
- Location
- Chicago, IL
- Posts
- 185
Startup Loans and Credit Cards
Hey Everyone:
I've been doing startup loans and credit cards now for quite some time. Depending on the credit and income I average between $150-$250K in cash loans and credit cards (and before you ask these are not LoanMe loans) with interest rates on loans ranging from 8% - 22% over 36-60 months. Average loan size is about $22,500 per bank and given where the applicant lives, there are usually between 5-7 banks that are offering such programs.
I'm straightforward with my approach and can adequately consult with your clients on the likelihood of them getting approved, interest rates, timing, etc. Having said that unlike ACH and EL financing, startups don't payout fast. That's the drawback. But other than that, it's a seamless model and just as (if not more) lucrative. There are no upfront fees. Contact me via PM to discuss.
Thanks and Good Luck.
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