Lender Placement Services
Did you know?
- The US has more banks than any country on Earth:
There are over 4,500 banks in the US (NPR/Vanek Smith) - US credit unions surpass the number of banks:
At over 5,000 credit unions in the US, they outnumber banks (WOCCU)
- Community Development Financial Institutions (CDFI) are abundant:
There are almost 1,500 certified CDFIs in the US (US Department of the Treasury) - FinTech/Online lenders outstrip other categories:
As of 2023, there were almost 12,000 start-up FinTech lenders registered in the Americas (Statista)
* Some lenders may be counted in more than one category
Oftentimes, a business owner may apply to 1, 2, or even 3 banks and become discouraged when those applications result in declines.
“Nobody will lend my business money,” is the common response.
However there are thousands of lenders that cater to nearly any situation, and that is why our Lender Placement services can save both time and money.
Lender Placement means zeroing in on lenders that are most likely to lend in your particular situation, for your particular need, with terms that are acceptable to you. With experience working with and for many lenders, both bank and non-bank, we can go immediately to those most likely to approve your application.
Examples:
- Skipping lenders who do not or are less likely to lend to start-up businesses when you have a start-up business
- Taking a request for equipment financing directly to lenders who specialize in equipment lending
- Connecting an ecommerce business with lenders who understand the ecommerce industry
- Working with lenders who are flexible on credit or background if needed
- Approaching lenders who participate in situation specific programs, such as for rural businesses or farms; minority, women, low income, refugee, or immigrant-owned businesses; and local loan funds specializing in a specific city, county, or region.
- Is time of the essence? Bypass lenders who take months for a decision when you need money in weeks, or days.
Our Lender Placement services can help you:
Save Time
Let's be real: hunting for a loan can be time consuming and frustrating. Leave the paperwork to us and focus on what's important - running your business.
Save Money And Let The Pros Negotiate On Your Behalf
With years of experience at lenders big and small, our staff will negotiate to get the best possible terms on your loan.
Protect Your Credit
Multiple credit inquiries can lower your credit score and be a contributing factor to loan turndowns. Our staff will submit your application only to lenders most likely to approve your request.
Leverage Our Relationships
One of the foundations of our business is to maintain strong relationships with bankers, lenders, and loan funds. Our job is to bring qualified clients to lenders, and qualified lenders to our clients.
Maximize Chances of Success with a Loan Package Written by Lenders, For Lenders
Could you represent yourself in court? Possibly. Would it be the most efficient and effective way to win your case? Unless you're an attorney, probably not. Our staff have assembled and reviewed hundreds of loan applications for both bank and non-bank lenders alike. Much like in an attorney in court, we know the rules and we know the talk.
Step Back and Prepare
Prior to any loan applications, our staff will review your information to determine loan possibilities and the best plan to move forward. If it appears that you're not quite loan ready - or not quite ready for an approval that meets your goals and expectations - we'll work with you to correct those sticking points until you are.
Whether you’re ready for a free, no obligation consultation or just have a question or comment, we would love to hear from you.
A business plan is like a roadmap for your business. Been trying to get to the next stop without a plan to get there? We’ve got you.
Your personal credit score is often still an outsize factor in business lending. Have concerns? Let us help.
Grant applications can be just as tricky as loan applications. No need to go solo – we’ll ride shotgun.
Don’t know an LLC from an EIN? No problem – with our business formation packages, you can take it easy and we’ll take care of the alphabet soup.
Focus on what’s important – running your business. For everything else, Tell Herbert!
CDFI Certification | Community Development Financial Institutions Fund. US Department of the Treasury, 17 July 2023, www.cdfifund.gov/programs-training/certification/cdfi.
“IBISWorld – Industry Market Research, Reports, and Statistics.” IBISWorld, 12 June 2022, www.ibisworld.com/industry-statistics/number-of-businesses/credit-unions-united-states/.
“Number of Fintech Startups Globally by Region 2023.” Statista, 3 May 2023, www.statista.com/statistics/893954/number-fintech-startups-by-region.
“STATISTICAL REPORT the GLOBAL NET WORK of CREDIT UNIONS and FINANCIAL COOPERATIVES STATISTICAL REPORT.” World Council of Credit Unions, 2022, www.woccu.org/documents/2021_Statistical_Report.
Vanek Smith, Stacey. “The U.S. Has More Banks than Anywhere on Earth. That Shapes the Economy in Many Ways.” NPR, 4 May 2023, www.npr.org/2023/05/04/1173488958/silicon-valley-bank-signature-first-republic-bank-failures.