Borrowing to Fund Your Loan Portfolio

Raising capital is probably the most important and least discussed component of your lending operation.  Always glad to post for someone that’s offering credit to small lenders.   If you have an offer for lenders, please let us know.  We’ll be happy to post it.

You can learn more about this specific offer at the Micro Lender Master Mind Group.  Here are the details from the article:

Up to $200k.

This offer is predicated on your personal credit.  You will need a 680 credit score or higher.

Interest rates:  Depending on the individual credit strength and the structure of the deal.  In same cases, there is a loan at regular interest rates, lines of credit are usually prime +2-3, and the credit cards are often no interest no payment for the first year.

Fees:  There is a 12% fee to establish these lending facilities.  This is paid out from loan proceeds at closing.


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