My name is Phyllis Manna. I’m from World Business Lenders. WBL is a  hybrid  between a merchant cash advance and hard money lender. We will lend up to 4x the clients average monthly revenue if the client can afford it and they are willing to use real estate as collateral.  

WBL's collateralized loans offer advantages over unsecured loans for certain borrowers, often either providing funding where others cannot or offering much larger funding amounts with longer terms. WBL works with restricted industries, purchasers of businesses, business owners with poor personal credit, businesses with few monthly deposits, and is tolerant of NSFs.  WBL also offers the longest terms for 1st, 2nd, and 3rd positions available in the industry.

Our ability to make deals work is unparalleled. Perhaps we can fill some funding gaps for you. We work with all industries and all credit buckets.  We fund the impossible.  I would to develop collaboration between our companies. 

Most of my business comes from other funders/brokers such as yourself, and comes in the form of the following:

  • Consolidation of multiple cash advances due to WBL’s zero net requirement policy
  • WBL will never require paying off any MCA’s!
  • Clients seeking more capital than they would typically qualify for with a merchant cash advance (Up to 3-4x the client’s gross monthly revenue!)
  • NSFs, negative days, low daily/ending balances, and even defaults/amended payments to other lenders are NOT deal breakers for WBL!

 

WBL'S PRODUCT, IN A NUTSHELL!

"WBL lends up to 3-4x the gross monthly revenue (Deposits) not to exceed Loan To Value (LTV) or Combined Loan To Value (CLTV) in the subject property(s)"

 

LTV/CLTV Calculation Example (See attached Rate Sheet for LTV/CLTV Guidelines)

 

Subject Collateral: A $600,000 valued residential property with a 1st mortgage of 225k 

At 70% CLTV, this example leaves room for a195k loan with WBL.

 

How is this calculated? See here: 70% of 600k = 420k. We then subtract the 225k 1st mortgage which leaves 195k in lendable equity!  In this example, the business would need to be generating  65k a month in deposits to qualify for the full 195k.  That's it! It's that simple!

 

 

Loan Details:

 

  • Minimum loan amount: $25,000 (Will do less than 25k on a case by case basis)
  • Maximum loan amount: $4,000,000
  • 6-24 month loan options (Average loan term is roughly 14 months)
  • 5-7 business days for funding residential real estate backed deals
  • 7-10 business days for funding commercial real estate backed deals

 

Documents needed for each submission:

 

  • Completed application (Either yours or ours)
  • Past 6 months of business bank statements
  • Completed Real Estate Schedule  (REQUIRED & Attached)**

 

Please call me for more information:

Phyllis Manna
Analyst, Account Representative

World Business Lenders
WBL California, LLC, a Licensed California Finance Lender and Broker

#60DBO-41841

101 Hudson St, 33rd Floor
Jersey City, NJ 07302

Direct: (212) 328-8386
Fax:
(646) 880-8165
Email:
pmanna@wbl.com

www.wbl.comRecently%20Funded%20Deals%20and%20Pricing%20September.pdf

 

Views: 47

Reply to This

© 2020   Created by Admin.   Powered by

Badges  |  Report an Issue  |  Terms of Service