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03-21-2017, 01:57 PM #1
SEEKING Term Lenders For My Clients
I am running across many of my clients interested in something in between the MCA styled product and the Funding Circle type platform.
Can someone please give me a list of good lenders that specialize in 24-36 month terms, middle of the road simple interest, weekly, monthly payments, etc?
Dealstruck - Used them a couple of times last year, it appears they're out.
LoanMe - I'm familiar, but not really what I'm looking for.
Funding Circle - I'm with them already, I've have better luck with SBA approvals lately.
Someone please give some insight on who is out there in this approval range and who I should get signed up with to sub these deals. If you represent a bank/lender in this category, please feel free to PM me.
Thanks,Last edited by Cambridge; 03-21-2017 at 04:32 PM.
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03-21-2017, 04:24 PM #2
- Join Date
- Nov 2015
- Posts
- 64
-Dan Page at Funding Strat Partners does term loans out to 36 months I believe.
-Quarterspot goes out to 18 months
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03-21-2017, 04:32 PM #3
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03-21-2017, 04:56 PM #4
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 727
you want a bank try celtic bank. Fundation is also another lender but picky on who they sign up
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03-21-2017, 05:00 PM #5
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03-21-2017, 05:05 PM #6
- Join Date
- Nov 2013
- Posts
- 598
I believe Dan has 24 months, hes a balance sheet lender with monthly payments just like the ones listed above. He used to have a 6 month pre-payment penalty but pretty decent on rates.
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03-21-2017, 06:03 PM #7
- Join Date
- Mar 2017
- Posts
- 6
If the loan/lease is for equipment we can term it out to 84 months. We have Celtic Bank on our syndication desk as a partner as well among 15 other partners we can try to run it through.
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