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09/09/2020Lendini announces relaxed guidelines



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Lendini Relaxes Previously Announced Covid-Guidelines

September 9, 2020
Article by:

Bensalem, PA –September 9, 2020– Lendini is excited to announce its return to small business funding. Through superior efficiency and analysis, the company has improved the process of alternative funding from some of the brightest minds in finance, technology and analytics. With updated (temporary COVID-19) guidelines, they remain dedicated and committed to their merchants and ISOs in these unprecedented times.

Lendini works directly with you to prepare the best package for your client, whether that be a Business Cash Advance (BCA) or Merchant Cash Advance (MCA). Simply put, Lendini advances money based on the average monthly gross sales of a business or average monthly credit card sales. Money can be advanced quickly because securing assets and collateral is not required.

Get clients funded in 4 easy steps; application submission, information review, approval or denial, final review and your client is funded. Minimal documentation is required. The company must have 18 months in business with $7,500 per month in gross sales and an average daily balance of $750. We require a minimum of 5 deposits, monthly into the business bank account.

Funding Stipulations:

  • Bank login
  • Funding call with merchant

Required Documents:

  • Application
  • All 2020 business bank statements + MTD
  • Signed and dated agreement
  • Proof of business existence
  • Meets state registration requirements
  • Proof of ownership
  • Merchant interview
  • Driver’s license
  • Voided check (starter checks will not be accepted)

With $540 million dollars funded to 15,000 small businesses, Lendini offers incomparable solutions customized specifically for your client. The company prides itself in being able to offer up to $300,000 in as little as 1 business day (in most cases). Funding can be used for any business purpose you may have.

Lendini is not a bank and does not provide loans, they offer cash advances. With Lendini, business owners receive the capital they need without lengthy delays or excessive paperwork. In general, Lendini offers pre-approvals in under three hours and next day funding of approved advances. The staff provides unparalleled customer service and treats each business owner with the respect they deserve.

Lendini is Back

September 2, 2020
Article by:

Lendini LogoBensalem, PA –September 3, 2020Lendini is excited to announce its return to small business funding. Through superior efficiency and analysis, the company has improved the process of alternative funding from some of the brightest minds in finance, technology and analytics. With updated (temporary COVID-19) guidelines, they remain dedicated and committed to their merchants and ISOs in these unprecedented times.

Lendini works directly with you to prepare the best package for your client, whether that be a Business Cash Advance (BCA) or Merchant Cash Advance (MCA). Simply put, Lendini advances money based on the average monthly gross sales of a business or average monthly credit card sales. Money can be advanced quickly because securing assets and collateral is not required.

Get clients funded in 4 easy steps; application submission, information review, approval or denial, final review and your client is funded. Minimal documentation is required. The company must have 18 months in business with $7,500 per month in gross sales and an average daily balance of $750. We require a minimum of 5 deposits, monthly into the business bank account.

Funding Stipulations:

  • Bank login
  • Funding call with merchant

Required Documents:

  • Application
  • All 2020 business bank statements + MTD
  • Signed and dated agreement
  • Proof of business existence
  • Meets state registration requirements
  • Proof of ownership
  • Merchant interview
  • Driver’s license
  • Voided check (starter checks will not be accepted)

Industries accepted:

  • Restaurants (with takeout)
  • Pharmacies
  • Healthcare
  • Manufacturing
  • Transportation (freight)
  • Healthcare (primary care)
  • Automotive repair
  • Grocery stores

With $540 million dollars funded to 15,000 small businesses, Lendini offers incomparable solutions customized specifically for your client. The company prides itself in being able to offer up to $300,000 in as little as 1 business day (in most cases). Funding can be used for any business purpose you may have.

Lendini is not a bank and does not provide loans, they offer cash advances. With Lendini, business owners receive the capital they need without lengthy delays or excessive paperwork. In general, Lendini offers pre-approvals in under three hours and next day funding of approved advances. The staff provides unparalleled customer service and treats each business owner with the respect they deserve.

Funding Metrics Announces New $100 Million Revolving Credit Facility

March 4, 2020
Article by:

Funding Metrics

Bensalem, PA, March 4, 2020 – Funding Metrics, LLC (the “Company”) announced today the closing of a new $100 million revolving credit facility with a multi-billion dollar institutional credit fund. The Company will use the funds to expand and accelerate the growth of its small business funding platform. Brean Capital served as exclusive financial advisor to the Company on the transaction.

“We are very pleased to announce this new $100 million facility, which will allow us to significantly expand our ability to provide funding to the growing small business community across the United States,” said Co-Founder, Chairman and Chief Executive Officer, David Frascella. “This new facility represents an exciting milestone in our continued growth. Funding Metrics has tripled its origination volume since 2017, totaling over $500 million since company inception. I am very proud of the robust funding platform our team has created, the strong relationships we have developed with our independent sales organization partners, and especially the trust placed in us by our merchants. Funding Metrics has created a best of breed technology based platform allowing most funding offers to be sent in under three hours.”

Additional capital provided by the facility will allow Funding Metrics to capitalize on growth opportunities in 2020 and beyond as well as on the extensive infrastructure of people and technology it has built over the last few years. Mr. Frascella added, “We look forward to additional submissions from the ISO network and funding the next wave of small business leaders nationwide.”

About Funding Metrics

Funding Metrics is a leading data and analytics driven online provider of funding for small businesses throughout the United States. The Company uses proprietary risk models combined with real-time cash flow data to evaluate business performance and provides growth capital for entrepreneurs in a fast and efficient way through its two online brands, Lendini and QuickFix Capital. Since 2014, the Funding Metrics has provided over $500 million in funding to more than 9,500 small businesses in all 50 states. The Company is headquartered in Bensalem, PA, with additional offices in Jersey City, NJ and San Jose, Costa Rica.

For more information, please visit: www.fundingmetrics.com

For more information / questions / interview requests / media inquiries, please contact:

David Frascella

Email: info@fundingmetrics.com | Phone: 855-212-6610

Funding Metrics Deal Puts Them On The Map

March 4, 2020
Article by:

Funding Metrics PaintingA new $100 million revolving credit facility is poised to give a big boost to small business funding provider Funding Metrics. The company operates the Lendini and QuickFix Capital brands, and this new credit facility comes as the company seeks to increase its base of more than 9,500 small businesses served so far.

“We now have the money to grow over all aspects of that spectrum,” President Jim Carnes said. Since 2014, the company has provided more than $500 million dollars of funding to small businesses in a variety of industries, including healthcare, real estate, construction, restaurants and others.

The $100 million worth of revolving credit comes from what the company called a “a multi-billion dollar institutional credit fund,” with Brean Capital serving as Funding Metrics’ exclusive financial advisor for the transaction. The new credit line as well as a newly developed website and streamlined funding process will allow for growth and fantastic customer service. Among the company’s main ideals is to provide funding request approvals or denials within three hours or less.

One of the main challenges for online small business funding and its related activities in 2020, said Funding Metrics co-founder David Frascella, is increasing awareness of all the offers and products out there, including from his company. “There are plenty of options in today’s market,” he said. Increasing that awareness, he added, is something the industry should come together to better address. “We look forward to additional submissions from the ISO network and funding the next wave of small business leaders nationwide,” he said.

Funding Metrics is also a platinum sponsor of Broker Fair 2020 on May 18th in New York City.



Found on DailyFunder:

11-30-2020

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lendini, everest, vital, fundworks, total merchant resc, , river, cfg, slate advance, velocity, , ysc, last chance, bitty, cooper, , bluevine, , you should try giving us (clearfund) a shot at your smaller deals, we specialize in these. (2k-30k)...
11-25-2020

Lenders/Funders List! Who am I missing?...
lendini, everest, vital, fundworks, total merchant resc, , river, cfg, slate advance, velocity, , ysc, last chance, bitty, cooper, , bluevine...
11-16-2020

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lendini. quicksilver seems to be capping at 80 days. lendini has a very small box. was out of business until july but they do give offers. not as competitive...