Step 1: Pre-Qualification
Here at LenCred we work with startup and established business owners who need between $25,000 – $200,000 in financing to start, build, or grow their companies. We do NOT have any revenue requirements and the companies who work best with us have between $0 (yes zero) and $250,000 in annual revenues. That’s our first requirement to be a good fit for us.
Step 2: Consultation and Lender Preparation
The 2nd requirement is that you must care about your credit. That means that you should either want to preserve your excellent credit or you should want to learn how to borrow money in a way that does not damage your personal credit profile and FICO scores.
Step 3: Ask a Small Business Finance Advisor about the $50,000 Credit Guarantee
Our clients are able to not only obtain the funding they need to start, build, and grow their businesses but they also are able to separate their business and personal credit and they are able to protect, preserve, and improve their credit profiles and FICO scores.
A Business YOU can Trust
We are one of the original companies who have been in this unsecured space since prior to The Great Recession. But since the recession changed everything the data prior to that time is useless. So we have a very robust data-set that involves thousands of submitted applications to hundreds of lenders and we let that lender behavior match you with the best lenders for YOU! Let the Lendrix work for YOU.
This is where you can benefit from one of the coolest platforms or engines in the world of Business Finance. We call it the Jimi Lendrix. What is the Lendrix? Think about it like this. Everyone talks about Big Data but the Lendrix is a web based program that accesses, interprets, and understands all of the data within our database that has thousands of applications with several hundred lenders and creates a data-driven lender matching plan that is just right for each of our clients. Does that mean we can pull a rabbit out of a hat or that we can get hundreds of thousands of dollars of unsecured credit for someone with really bad credit? No. However, it does mean that based on things like your credit profile (which has many factors like age of file, payment history, revolving debt levels, credit availability, number of inquiries, etc), geographic location, industry, income level, and many other factors that we can match you with the best possible lenders for your borrowing profile.
Therefore, If and when your small business passes our pre-qualification step LenCred may be able to guarantee a minimum of $50,000 in unsecured financing for your business. This funding plan is our most popular and desired funding solution. Typically, you will receive between $25,000-$100,000 in the first 30 days. Each situation is unique so your advisor will get you the funding as quickly as possible. The best part is the funding is delivered in low-cost lines of credit with No collateral.