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Who does term loans?

in Other Business Finance

What are the programs terms?

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Comments (19)

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Jessica

Apr 10, 2024

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Hi Charles!

I'm with North Avenue Capital. We are a direct, nationwide lender.

$2MM-$25MM, also can do up to $100MM

Hotels, Assisted Living Facility, Manufacturing, Wineries, Hospitals, Courthouses, Jails, Schools, etc.

WSJP+1.5%-3%, up to 30 years

1:1 collateral

25% equity injection for ground up construction

20% equity injection for new business

10% equity injection for expansion, refi, existing business

5, 7, or 10 year declining prepayment penalty

Let me know, if you have any questions!

Funder Intel Admin

Apr 11, 2024

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Replying to

Welcome to the Forum @Jessica Johnston! Thanks for sharing

Jessica

Apr 11, 2024

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Replying to

Such an incredible forum! Thanks for having me!

VantaBlaq.com

Apr 10, 2024

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Hi charles, you should consider coming on board as a partner to help your declined loan applicants. We 100% guaruntee those clients will be lender ready within 3-4 months. Best of all we pay $1,500 UPFRONT for your clients! Visit vantablaq.com for more info or reply here and we can schedule a 5-minute webinar explaining the program.

VantaBlaq.com

Apr 10, 2024

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Replying to

Enjoy the rest of your week Steve.....

Funder Intel Admin

Apr 10, 2024

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Replying to

Hi DeAngelo, so I think using the 100% guarantee on making a business bankable by applying a process to address 20 complaince items can be misleading. Meaning that nothing besides you taking that business through the process is guaranteed, but the outcome cannot always be 100% that the business is bankable (especially if they were declined within 3-4 months) and bankable also has a definition of which the simple answer is that you get them financing through a bank. If you are including other type of alternative funding then fine but either way we wont endorse anything here.

While Steve has a point and I think it could be at minimum misleading, I will leave the thread up for now. Feel free to share the reviews of customers to help others see the value.

VantaBlaq.com

Apr 10, 2024

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Replying to

Thank you for the feedback, I understand having a new way of helping a business obtain financing can create a misunderstanding. I believe Steve is under the impression that we are saying that we have some magic formula. But instead of challenging what we mean, he's throwing out insults based on a comment (which had nothing to do with him for the record) but I digress. When we say "Become Bankable" we know that we are not taking the standard approach of "let's just apply and see what happens", but rather take the time to set the business up correctly for funding. With lender's compliance completed, a strong business credit profile established and the willingness to repay, we do make that 100% guarantee because we've done the research. The software simply REMOVES the reason a bank will decline a legal business. We just don't make promises on how much a lender will approve but THAT would be a scam.

I've attached a better explanation of what we mean by "bankable". We're using technology and data to help. Not human error, I hope this clears the air for anyone skeptical of our software.

P.S. It took WAY TOO LONG building this software for it to be a scam, the SBA loves the business model and our business account rep (Chase Bank) also gave praise on everything being under one roof.