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’ 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…
- 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.
• 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.PaydayLoanUniversity.com/ Start a Loan Biz
http://www.eCheckSystem.com ACH, ICL, Debit/Credit card