Alternative Funding Lenders
Alternative Funding Lenders Inc.
EQUITY & DEBT LENDERS
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MARK TWAIN Said:
" I Never Let SCHOOL (....
Interfere with My education"!!
" I Never Let SCHOOL (....
Interfere with My education"!!
"Principal Borrowers
G & S Charts
HARD TO FUND START UPS? Really!! Angel what???
Headline: Angel Funding Up To $500K | 2 Years In Business Required? REALLY??
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.
100% Collateral.
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.++ USA & Canada**)
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:
Credit
Collateral
Projections
supply
demand
availability of information
experience
IF RE is Going Up
If RE is Going Down,
If Property is Rented
P & L
more.......
My Lender ONLY Requires:
What we Need:
a cost breakdown, pro forma of project, (real estate owned and Personal financial statement) (if available) of sponsor entity, and a narrative of the project (pictures/old appraisal if available) and Loan Application ! You Can Have your MONEY IN 20-30 Days!!!
Hmmm: WHAT IS HARD ABOUT FUNDING "START_UPS"?(....
DEAL COMPLETED ----- NEXT!!
$3.MM minimum to $100,000,000,000.+
"WILL LOOK AT ANY LOAN REQUEST"
NO PMTS
NO DEBT
NO Pre-Payment Penalty
Start to Finish --/--Approx 40-60 Days
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.
100% Collateral.
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.++ USA & Canada**)
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:
Credit
Collateral
Projections
supply
demand
availability of information
experience
IF RE is Going Up
If RE is Going Down,
If Property is Rented
P & L
more.......
My Lender ONLY Requires:
What we Need:
a cost breakdown, pro forma of project, (real estate owned and Personal financial statement) (if available) of sponsor entity, and a narrative of the project (pictures/old appraisal if available) and Loan Application ! You Can Have your MONEY IN 20-30 Days!!!
Hmmm: WHAT IS HARD ABOUT FUNDING "START_UPS"?(....
DEAL COMPLETED ----- NEXT!!
$3.MM minimum to $100,000,000,000.+
"WILL LOOK AT ANY LOAN REQUEST"
NO PMTS
NO DEBT
NO Pre-Payment Penalty
Start to Finish --/--Approx 40-60 Days
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S Africa Johannesburgh
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