A CRM for business loan brokers

A business owner rarely knows whether they need a term loan, a line of credit or an advance. The broker's value is knowing which lender says yes to which profile. Each lender in the directory has programs with a product type, amount range and terms, so the same deal can be matched against loan, line of credit and MCA programs at once.

Lender matching uses the merchant's time in business, credit score, revenue and industry, the requested amount and the ratio of request to monthly revenue. Programs come back Eligible, Eligible with warnings, Needs data or Ineligible, so you can see in a minute whether the file is bankable or belongs with a revenue-based lender.

Term lenders ask for more paper than MCA funders: tax returns, financial statements, business licenses, proof of ownership. The deal's document list has a type for each, and stips track what each lender asked for and what has arrived. Documents can be verified or rejected with a reason, and every upload is on the timeline.

Merchants can start with your public application form, which collects the business and owner details, a credit range, consent and recent bank statements, then becomes a lead assigned to the rep who shared the link.

Offers are entered per lender. The offer calculator handles monthly, biweekly, weekly and daily payment schedules with a term or a number of payments, and works out the total payback, the payment, fees and the net funding after payoffs. Your commission can be based on the advance, the net or the payback.

For an amortizing term loan with a stated interest rate, use our free business loan payment calculator to show the client the monthly payment and total interest. The offer calculator itself works on a total payback amount, which is how factor-rate and fixed-fee products are quoted.

Loan files take days or weeks, not hours. The deal pipeline shows time in status on every card, stage history on every deal, and tasks with due dates so follow-ups do not depend on memory. Owners see the whole board; reps see their own deals unless you share.

Custom fields on leads, merchants and deals hold whatever your lenders ask for that is not built in, such as collateral notes or the purpose of funds detail.