I Am DIRECT
5% Fixed Int,
Alternative Funding Lenders
MINIMUM $5,000,000.00 & Up LOANS!!!
HARD TO FUND START UPS? Really!! Angel what???
Headline: Angel Funding Up To $500K | 2 Years In Business Required? REALLY??
Lenders expect the borrower to have:
Capital - Business assets that can be used to create products or services and which can be turned into cash to make payments on business loans. A new business, especially a service business, has few business assets.
Collateral - Cash to contribute to the business. A new business owner has little collateral unless he or she can use personal assets or has a co-signer with assets to pledge.
Capacity - A track record to show that the business has the capacity to generate enough money to pay back the loan.
Character. This is primarily a good credit rating. if you have a good credit rating (business credit or personal credit), though, it doesn't mean you can get a business loan, but a poor rating will probably get you turned away quickly.
One bank said it would give an $80,000 loan at 8% interest if the borrowers would have their co-signer put $80,000 in the bank (at 5% interest). When the borrower asked them why he shouldn't just take the $80,000 to start his business, they responded, "This way you get business credit."
Equity from Owner. A bank I heard of said it wanted a "required equity injection" (that is, cash from the owner. If the bank loans $80,000 and requires $30,000 from the owner, the bank is really loaning only $50,000.
Angel Investors take 20-50% Equity in the project!!! WOW, LOL
Angel investments commonly run around $600,000. REALLY?? WOW---("PAYDAY LOANS"!!)
HELL That's a "hot Dog"Stand ~~My Lender Loans $850,000,000.++ WORLDWIDE**)
It's really hard to fund a startup - even a great one! (... Most entrepreneurs need as much help as they can get from mentors, directors and professionals (if they can find them.)
WHAT BULL--SH _ _ !! HA, HA LOL Angel what???
My PRIVATE LENDER does not care about:
availability of information
IF RE is Going Up
If RE is Going Down,
If Property is Rented
P & L
My Lender ONLY Requires:
1. POF of 5% in CASH on $5M-$20M --4% $21M - $199M --3% $200M and UP!
2. Completed Loan Application
3. 1 Pg Exec Summary for "use of Funds"!!
Hmmm: WHAT IS HARD ABOUT FUNDING "START_UPS"?(....
Start to Finish is 12-15 Days!!
DEAL COMPLETED ----- NEXT!!
What AFLINC does & Does Not Do
1. PLEASE READ
NOTICE(... YOU MUST PROVIDE a "SNAPSHOT of YOUR BANK ACCOUNT" For POF IN CASH FOR THE LOAN AMOUNT YOU ARE APPLYING FOR WITHIN 24 HRS OF COMPLETING LOAN REQUEST FORM!
NO Attorney Trust, OR Escrow Accounts Accepted!
MONEY Talks(..... BULLSHIT Walks!!