Term Loan Products-ONLY BANK OR DIRECT NEEDED
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  1. #1
    Member Reputation points: 723 CHAMP3's Avatar
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    Sep 2014
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    El Dorado Hills
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    Term Loan Products-ONLY BANK OR DIRECT NEEDED

    I am interested in hearing opinions on bank partnerships for Brokers/Syndication opportunities. I have previously worked with Funding Circle, Smartbiz ect and they do have helpful programs however we have found the sales cycle and lack of communication too much to overcome for our customers.

    Does anybody have any experiences with banks that specialize in acquisition financing or traditional term loans 24-84 months that are not SBA driven?

    Any information or feedback will be appreciated

    Senior Finance Consultant
    916.400.9001 Ext.103
    888.535.8499 (Fax)
    cwilcox@premierbusinesslending.com
    www.premierbusinesslending.com

  2. #2
    Senior Member Reputation points: 105
    Join Date
    Apr 2016
    Posts
    103

    Business Lending Resource - $100,000 - $1M+ Term Loan / LOC's

    Quote Originally Posted by CHAMP3 View Post
    I am interested in hearing opinions on bank partnerships for Brokers/Syndication opportunities. I have previously worked with Funding Circle, Smartbiz ect and they do have helpful programs however we have found the sales cycle and lack of communication too much to overcome for our customers.

    Does anybody have any experiences with banks that specialize in acquisition financing or traditional term loans 24-84 months that are not SBA driven?

    Any information or feedback will be appreciated

    Senior Finance Consultant
    916.400.9001 Ext.103
    888.535.8499 (Fax)
    cwilcox@premierbusinesslending.com
    www.premierbusinesslending.com

    C. Wilcox,

    Here is a broad stroke outline of our term loan platform.

    Business Term Loan:

    Our lending program is a NATIONWIDE platform with loan amounts ranging from $100,000 - $1,000,000+. Financing can be achieved in as little as 48-hours, provided our level of comfort is there with the request.

    Lending Criteria:

    NO BK's
    NO Judgements / Tax Liens
    Time in business > 2-years
    Business must be generating at least $1M annually (we will lend up to 10% of gross sales)
    Borrower's FICO must be over 620+

    Unfavorable Industries: (Not Impossible, but non-desired):

    - Construction/contracting
    - Trucking/Logistics
    - Transportation (cabs, limos, buses)
    - Printing
    - Home Based Business
    - Brokerage (insurance, stock brokerage)
    - Bars
    - Stand-Alone Restaurants (Franchises / Multiple Locations OK!)

    Rate/Terms:

    Terms: 1-4 Year (Daily, Weekly and Monthly)
    Rates: 10% - 30%+
    Points: up to 4 points (Broker)

    **Needed Documentation for Requests under $150,000 (non-collateral) :

    - Application
    - 12-months bank statements
    - Buisiness debt schedule


    **Needed Documentation for Requests over $150,000 (collateral - Real Estate):

    - Application
    - 12-months bank statements
    - Buisiness debt schedule
    - 2-years Busienss/Personal Tax Returns
    - YTD Financials (P&L, Balance Sheet)
    - R/E Holdings (Subject Property - Mortgage Statement, Tax Bill / Deed, Appraisal / BPO)

    Let me know if we can be of any assistance.

    All the best.

    --
    Sean Najieb
    www.liftforward.com

    LiftForward, Inc.
    180 Maiden Lane, 10th Floor
    New York, NY 10038

    Sean@liftforward.com

    917.477.6534 (O)

    347.495.8088 (C)

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