Tag: TLE

13
Sep

Seed/Angel Funding with Tribe Lending Enterprise [TLE] & Experienced Servicer

The Opportunity:

Seed/Angel Funding with Tribe Lending Enterprise [TLE] & Experienced Servicer

A highly experienced Team of two founders & a TLE are launching a tribal online loan portfolio in the USA.

FOUNDERS’ DETAILS:

  • Founders’ contribute $1.1M cash to this launch
  • Founders’ contribute their lead aggregator company having generated 500K sub-prime consumer leads/month
  • This is not their first rodeo
  • U.S. based Team
  • Tribe lending model with a multi-pay installment loan product in 45 states.
  • Founder(s) previously successfully launched and exited tribe online loan portfolio
  • Founder(s) previously launched a highly successful online loan platform/portfolio in the most competitive, complicated state in the USA
  • Founder(s) previously serviced $20M sub-prime loan portfolio and 40K loans
  • Founders’ are family oriented – obligations, dependents, motivated, strong willed, driven, impeccable credentials… [I always favor these conditions when I   collaborate.]
  • Founders’ know their loan product KPI’s. Realistic. Experienced. Well versed in Cost per Funded Loan, First Time Defaults, Customer Acquisition Costs, Lead   metrics/costs…
  • Founders’ loan management software platform provides investors with 100% transparency hourly, daily, weekly, monthly… access to all accounting, reports…
  • In-house call center with highly experienced call center operations manager on Team
  • Tribe [TLE] Marketing/Servicing agreement in place with a large, sophisticated TLE – several $10M/$30M+ portfolios.
  • Supremely customer focused loan product offering financial literacy and credit building
  • ACH, bank accounts, CRA’s, EIN, lead generation… in place.
  • Founders have commissioned compliance officer, TLE employee(s), call center, accounting…

Investor(s)

  • Provide $3M to be deployed year 1
  • Interest rate for investors = 15% to 24% paid quarterly
  • 15%  to  50% equity to investors
  • Investor funds to be returned year 5
  • End of year 5, Investor return is $7.4M on $3M investment plus investor maintains their negotiated 15% – 50% equity in the enterprise.
  • OBVIOUSLY NO GUARANTEES:
    • Conservative performance estimates!
    • Year 3 = 80% return on loan portfolio
    • Year 4 = 100%
    • Year 5 = 125%
    • Year 5 Stabilize new investment money inflow = annuity of $750K/year

As they say, “Your results may differ.”

Exit strategy: maintain the portfolio as an “annuity” [estimated at $938K/year] or sell the loan portfolio for 2.2X.

NEXT STEP?
• Email your contact information to: TrihouseConsulting@Gmail.com
• Conference call(s)
• Meet the Founders
• Fall in love
• Nail down a Term Sheet.

Jer@TrihouseConsulting.com 702-208-6736 Cell
Knowledge Store: Tribe & State-by-State Licensing Models
http://www.AutomobilePawn.com Start a Title Loan Biz
http://www.PaydayLoanIndustryBlog.com
http://www.PaydayLoanUniversity.com/ Start a Loan Biz
http://www.eCheckSystem.com ACH, ICL, Debit/Credit card